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PRN, PERENTI GLOBAL
blacksheep
post Posted: Nov 8 2019, 01:19 PM
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Posts: 6,603
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In Reply To: alonso's post @ Nov 8 2019, 10:24 AM

Well played. SP drop hasn't been that dramatic. Selling appears to have stopped.

Sadly the company confirmed this morning members of their African Mining Services were involved in the attack, with 19 being fatally injured and 20 hospitalised subject to official confirmation

Update on security incident close to Boungou Mine Site in Burkina Faso

Perenti Global Limited (ASX: PRN) (Perenti) provides the following update on the security incident that
QUOTE
occurred close to Canadian-based miner Semafo’s Boungou mine site in Burkina Faso, which involved
members of our workforce from African Mining Services (AMS).

Information received overnight indicates that the attack on the mine’s personnel convoy has resulted
in 19 members of AMS’s Burkinabe workforce being fatally injured and 20 being hospitalised. These
numbers are yet to be officially confirmed.


“Our entire organisation is absolutely devastated by this incident and the extensive loss of life and
injuries sustained by innocent people,” Perenti Managing Director and Chief Executive Officer, Mark
Norwell, said.

“Our focus continues to be on supporting and ensuring the safety of our workforce in the region as well
as supporting the families of those whose loved ones have been injured or lost.”
AMS’s mining services at Boungou remain suspended.

Planning is currently underway to safely return the AMS workforce located at Boungou to their homes
while the suspension remains.

Perenti will continue to assess the effect, if any, of the operational suspension on the Company’s FY2020
earnings guidance. The Boungou contract’s contribution to Perenti’s FY2019 Net Profit After Tax was
not material.




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
mullokintyre
post Posted: Nov 8 2019, 10:52 AM
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In Reply To: alonso's post @ Nov 8 2019, 10:24 AM

C'mon Alonso, stop being modest.
It was a brilliant piece of timing.
Will you go back in for another shot when it looks like it has dumped enough??
Mick



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sent from my Olivetti Typewriter.
 
alonso
post Posted: Nov 8 2019, 10:24 AM
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Posts: 2,597
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In Reply To: blacksheep's post @ Nov 7 2019, 01:41 PM

By a stroke of unbelievable luck I had taken my profit on this just a couple of days ahead of the attack.

Most probably the price fall will be short-lived and it will roll on, perhaps to 2.70 as some have suggested. GLTAH.






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"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
blacksheep
post Posted: Nov 7 2019, 01:41 PM
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Perenti Global Limited (PRN, formerly Ausdrill Limited)

Gunmen kill 37 in ambush on Canadian gold mine convoy in Burkina Faso

Posted 58 minutes ago

QUOTE
hirty-seven workers were killed and more than 60 others wounded when gunmen ambushed a convoy transporting employees of Canadian gold miner Semafo in eastern Burkina Faso.

The attack on Wednesday (local time) is the deadliest in recent years as the military struggles to contain Islamist violence that has overrun parts of Burkina Faso, located in west Africa.

Semafo tightened security last year following armed incidents near two of its mines in the country.

The company said the five buses escorted by the military were about 40 kilometres from the Boungou gold mine in the Tapoa province when they were ambushed.

A security source said "a military vehicle that was escorting the convoy hit an explosive device".

"Two buses carrying workers were then fired upon," the source told AFP on condition of anonymity.

One of the sources said it appeared that they targeted the buses as well as the military escort, which was unusual.

The local Governor's office later gave more details, saying "unidentified armed men laid an ambush for a convoy transporting Semafo workers", and put the provisional civilian death toll at 37 with over 60 wounded.

That toll does not include an unknown number of the security forces who may have been killed in the attack.

Australia-based mining contractor Perenti, which is working on the mining project, said no Australian workers were involved in the incident.

However, Perenti said in a statement members of its workforce from African Mining Services (AMS) were involved and they were still working with local authorities to confirm details.

https://www.abc.net.au/news/2019-11-07/ambu...a-faso/11681190
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
alonso
post Posted: Sep 3 2019, 11:43 AM
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In Reply To: nipper's post @ Aug 30 2019, 08:25 PM

Seems to be going gangbusters now.

In the period 2004-14 I made a series of good profits but I got bushwhacked in 2015 and swore I'd never touch it again.

But lo & behold earlier this year I was tempted and so far so more than good.






--------------------
"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
nipper
post Posted: Aug 30 2019, 08:25 PM
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Posts: 6,325
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QUOTE
Spotlight on Perenti

Perenti (ASX: ASL) formerly known as Ausdrill, is a diversified mining services provider with key operations in Australia and Africa.

Perenti released its full year results this week, comfortably exceeding consensus expectations and its previous guidance by 5.0%. The strong result was driven by the outperformance of its underground mining services division.

We first invested in the business as we believed the market was overly concerned about the company's ability to renew its contracts and therefore underestimated the organic growth profile of the business. Our view was that Perenti would manage the contract renewal risk, secure new deals and successfully achieve $11.0 million in synergies that it gained from the acquisition of Barminco 12 months ago. We remain positive on the outlook for Perenti, which is driven by new contract wins and an asset sale program that will reduce gearing levels.

We hold Perenti as a market-driven investment in WAM Active (ASX: WAA) and WAM Capital (ASX: WAM).

Perenti closed up 15.0% this week.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


blacksheep
post Posted: Jan 12 2019, 11:23 AM
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In Reply To: blacksheep's post @ Aug 17 2018, 10:11 PM

Ausdrill axes workshop jobs
Josh ChiatKalgoorlie Miner
Friday, 11 January 2019 1:03PM
QUOTE
Kalgoorlie-born mining services giant Ausdrill has chopped at least 13 positions this week from its Goldfields workforce believed to be centred on its Boulder workshop after a restructure of its Australian exploration divisions.

In a letter seen by the Kalgoorlie Miner the company informed staff who could be affected about the redundancies, saying they came after a review of the operating model in the Kalgoorlie workshop.

“These volumes of work are not able to sustain the current size of the workshop and as a result a number of roles have been identified as no longer required,” a company representative wrote.

Responding to questions from the Kalgoorlie Miner, an Ausdrill spokesman confirmed 13 positions had been made redundant this week after the merger of its Ausdrill Northwest and Ausdrill Exploration businesses.


read more - https://thewest.com.au/news/kalgoorlie-mine...-ng-b881069638z
Short positions as at 7/1/2019 = 4.58%
https://www.shortman.com.au/stock?q=asl
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 17 2018, 10:11 PM
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Posts: 6,603
Thanks: 2266


In Reply To: blacksheep's post @ Aug 1 2018, 02:25 PM

Ausdrill shares soar on Barminco takeover deal
Peter WilliamsThe West Australian
Friday, 17 August 2018 1:22PM
QUOTE
Shares in Ausdrill have surged after they resumed trading in the wake of a $700 million deal to take over underground mining contractor Barminco.

Ausdrill today said it had completed a $175 million placement to institutional investors, part of a $250 million capital raising to help finance the deal.

The mining service provider’s shares were up 22¢, or 13 per cent, to $1.93 at 11.57am.

It said eligible institutions had taken up 93 per cent of available new shares, with the remainder going to new and existing shareholders.

The shares were offered at one for every 2.13 Ausdrill shares held at 1.47 each.


read more - https://thewest.com.au/business/mining/ausd...l-ng-b88931533z

Finished the day $1.950 +0.240 - uo 14.04%
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 1 2018, 02:25 PM
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Posts: 6,603
Thanks: 2266


In Reply To: blacksheep's post @ Jul 24 2018, 08:31 PM

ASL gets a mention here - https://www.bloomberg.com/news/articles/201...earnings-season
QUOTE
Ausdrill Ltd., set to welcome former Thiess executive Mark Norwell as incoming CEO in September, may provide commentary on the hit to earnings from the 35 percent reduction in works at the Super Pit as well as the halving of a contract at a Mineral Resources Ltd. mine.

https://www.bloomberg.com/news/articles/201...earnings-season
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 24 2018, 08:31 PM
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Posts: 6,603
Thanks: 2266


In Reply To: blacksheep's post @ Jun 13 2018, 11:21 AM

SP may have found the bottom and on its way up?. Was one of the star performers today - up 5.46% @ $1.83 - on no news.

ASL recently reported Board changes - >

QUOTE
Robert Cole
Rob has over 30 years' experience in the energy and resources industries. He is a former
Executive Director and Board member of Woodside Petroleum Ltd, a top 10 ASX listed company
and Australia's largest independent oil and gas producer. Rob is also a former Managing Director
of Beach Energy Limited, an ASX listed company and major domestic oil and gas producer.
Prior to joining the oil and gas industry, Rob was a partner in the law firm now known as King &
Wood Mallesons.

During his diverse career, Rob has had executive responsibility for strategy, human resources,
corporate/public affairs, internal audit, risk management, marketing, legal, commercial, supply
chain, health and safety, environment, security, emergency management and company
secretariat.

Rob is currently Chairman of: Synergy, Western Australia's largest electricity generator and
retailer of electricity; Southern Ports Authority, which owns/operates the major ports in the South
West of the State; and GLX Holdings Ltd, a developer and operator of a global online LNG trading
platform. He is also a non-executive director of Iluka Resources Ltd, a major producer of mineral
sands.


and

QUOTE
Alexandra (Alex) Atkins
Alex is a mining engineer, geologist and geotechnical engineer with 28 years’ experience in the
mining industry, and is a director of The Australasian Institute of Mining & Metallurgy (The
AusIMM). She has an MBA (Finance) from the Australian Institute of Business, is a Chartered
Professional Fellow of The AusIMM, and a graduate of the AICD and she holds Bachelor of
Engineering Degrees from the University of Queensland and WA School of Mines
.
In her early career, Alex worked in various roles in the mining industry, including as a Mining
Engineer for Mt Isa Mines Ltd, Underground Miner for Plutonic Resources, Underground Miner,
Mine Engineer/ Deputy Mine Manager and Geotechnical Engineer for Placer Dome, Construction
Project Engineer for Cairns Regional Council and Senior Mining Engineer for AMC Consultants.
She has also worked as a District Inspector of Mines for the WA Department of Mines &
Petroleum, a Principal Mining Consultant for Optiro, and was the Chief Operating Officer of
PETRA Data Science Pty Ltd an artificial intelligence and machine learning software company
servicing the mining industry.

Alex is passionate about technological innovation and inclusive diversity and was a finalist in the
Australian Mining Prospect Awards - Mining’s Female of the Year and the WA CME “Women In
Resources Awards” in 2011 for her pioneering career and, at the time, was WA’s first female
District Inspector of Mines.

During her career, Alex has developed strong skills in governance, risk and innovation in the
mining sector. The addition of these skills to the Board will assist the Company in developing
innovative technologies to deliver superior mining services to the mining industry.




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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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