PRU, PERSEUS MINING LIMITED

[bg99]

In Reply To: bg99's post @ Apr 29 2020, 03:58 PM

Good summary of annual results here

https://www.asx.com.au/asxpdf/20200826/pdf/...x0jfyxrhwz9.pdf
puts PRU on a PE of 16.9x

[bg99]

In Reply To: blacksheep's post @ Dec 5 2019, 06:54 PM

PRU quarterly just came out today.... some problems at Edikan and new overdraft of $100 m has spooked the market... lucky I bailed on this one yesterdaygood company though and plans for major production increase when Yaoure comes on line..... 22% hedging etc etc, but standing aside for now

[blacksheep]

In Reply To: bg99's post @ Jan 3 2018, 01:34 PM

Trending higher on gold prices - reached a new 12 month high @ $1.04. All time high was $4.05 back in 2012

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[bg99]

In Reply To: bg99's post @ Oct 4 2017, 08:10 PM

PRU responding nicely to gold price rise now.... DRM showing some good signs today too

[bg99]

In Reply To: bg99's post @ Oct 4 2017, 08:10 PM

PRU responding nicely to gold price rise now.... DRM showing some good signs today too

[bg99]

In Reply To: bg99's post @ Oct 4 2017, 08:06 PM

with chart for previous post

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[bg99]

In Reply To: bg99's post @ Sep 4 2017, 12:02 PM

possible good 21-200 DMA crossover.... bullish signs

[bg99]

16/17 results were very poor see https://newswire.iguana2.com/af5f4d73c1a54a...esults_Overview

SP gapped up today probably due to stated NTA

The Company’s net assets as at 30 June 2017 were $715.3 million or $0.69 per share after taking into account
interest bearing liabilities of $18.2 million.
Looking to the future, Group gold production in the 12 months to June 2018 is forecast to increase to 250-
285,000 ounces, from 2017 production of 176,218 ounces. The projected increase is driven by higher output at
Edikan, together with the commencement of production at Sissingué, which is scheduled to produce its first
gold in the March 2018 quarter. Together, the two sites are expected to deliver a reduction in Group all-in site
costs to US$950-1,100/ounce in 2018, from US$1,324/ounce in 2017.

If they can meet this forecast AISC for 2018, (2017 AISC is about the current gold price).... and gold goes up these are looking cheap

[triage]

In Reply To: mercury's post @ Feb 16 2015, 08:46 AM

merc

I'm not sure where in which document you got the figure of $125m as net assets. Both directly from the balance sheet and also from the TSX document it shows that the total assets is about $628m, liabilities is about $95m and net assets is about $534m.

From the balance sheet the company has current liabilities, all allocated to the trade and other payables line, of about $37m whilst provisions of about $9m and deferred tax liability of about $48m make up the noncurrent liabilities of $58m.

Without looking closely at the financial statements my impression is that the company is not too stressed or unbalanced at the moment. But my impression is that with current operations it is a marginal producer so things can go from appearing very good to turning very bad were the USD gold price to dip much at all.

[mercury]

PRU came out with an ann. that stated they have NO DEBT.....other than creditors and accruals.

Well....that is debt ...is it not?

OK OK creditors are paid weekly, monthly , etc.....but the ann also states that net assets are 534 million and that assets are greater than liabilities by 125 million??????? That means liabilities are 400 million. NO DEBT???

I am not an accountant....but some of you out there are more knowledgeable than I. Care to share ....and perhaps explain this ann. for me. Would be much appreciated.

thanks

Merc