Dumper end of week report 20 Jun 2025Well well well what a...

Dumper end of week report 20 Jun 2025

Well well well what a shtshow it's been YTD.

Obviously with few days left we're almost certain to be booking the losses for this financial year.Our average is down a wee bit but we're still massively underwater with our holding.

We thought the HC pump squad would per usual give us the support to get the SP back up after we dumped it to sub 5c in early April.But given it's now defunct we've more or less parked the idea of buying it up ourselves racking up more losses and holding the bag.

Suffice to say that we dug ourselves too deep of a hole and now stuck in it.Right now we are assuming no real news on purported PPSA signing, JV funding and Musuma drilling anytime soon.

Instead our only option is tripling down on the assumption of a CR before year end as cash runs out. This means we could buy back on market after the discounted CR much below today's SP, and hopefully we can come out break even in about 12 months' time.

Tough road ahead and no cigar or end of fin year bonuses.