Recent content by pepy

The "Other" forum is now saying Burnakura announcement will be this week (A guy called Roboshan seems to have heard details). This coincides with Extract shares rising from 78c to 91c over the past few trading days - which may or may not be related. Some interesting things I have learned in...

We should be getting close to an announcement. Extract Resources half year report indicated that the Burnakura stockpile would be finished processing around the end of April. Tectonic is not required to report Q3, but Extract must, and we will then see how much revenue from gold they...

I agree with you Duckman. BMX have earned some credibility, through delivering their promises on time and on budget - when many others had large cost blowouts due to the resources boom. Apart from this, the projections for full year earnings puts their PE ratio at 10.7 (on current price of...

Interesting that they managed to hold a tiny profit for the six months, I was expecting a loss similar in magnitude to Extract Resources. Given this, they should be on track for a bigger profit in the second half - no further mine development at Burnakura, lower labour costs, continued gold...

Tectonic & Extract have much more than the 90k oz mentioned in this release. Burnakura has six separate lodes, with a total resource base of 390k oz (Today's release is about the only site that is actively being mined - NOA2). The point of today's announcement, is that the partners have done all...

Re: MAE - Marion Energy Today's announcement says 9.8m cubic feet of gas per day, attributable to Marion. Correct me if I'm mistaken, but if this is stable once production begins, at a price of about USD $7.50 per thousand cubic feet makes a total of some $26million annual revenue to them...

Re: MAE - Marion Energy There is an interview with one of the Directors (Peter Collery) on the Boardroom radio website, from around Feb 7th. He said they expected to be producing within weeks from then (I think three weeks from memory). There is also an analyst report (Tricom) on the...

Update Hamish Bohannan WAS MD at Gallery Gold, but they ceased to exist mid last year - due to merger with IAMGOLD (Canadian Gold producer 1mill oz per year). See attached ASX delisting announcement. This is positive news though, as Tectonic need funding for Phillips River, and Mr Bohannan...

I notice that Tectonic has just appointed another Director, Hamish Bohannan. While they mentioned his qualifications, and Industry experience, they neglected to mention that he is the Managing Director of Gallery Gold, which operates in Botswana. Bohannan oversaw bringing it to production. He...

I was just reading up on ASX Index rules. Apparently they track market capital over the trailing six months, average it, and also consider a thing called market liquidity - which seems to be related to trade volumes, although I am not completely clear on this. Anyway, my briefing document...

In my view, Tectonic Management have made a number of serious errors that have compounded, to create the current situation They entered a Joint Venture (Burnakura) with limited financial resources, expecting to produce gold for under $500 per oz. After some bad luck (flooding & loss of...