Still redreaming the wet dream guys, cant grow up and mature, and find a marriage long term thing.
Marriage is hard work a hard slog, like a long term mining precinct creation..kambalda and windarra have both gone through the wringer may times over..they said the same thing about kambalda when it was found,
the money was made first 2 years then back to the pack and real mining slog marriage style, no wet dreams.
Same as it is now for SIR...Yes Rob Dennis can turn the production on using that massive cash pile of $250M and massive
debt pile of $440M totalling $690M, but it wont be enough if the low DFS capex is blownout as i expect you to find out from now to 2017, the reality will set in in 2016.
Even Rob Dennis and all his 40 years NI mining experience will be needed for SIR getting into real production, but he cant change your guys mindsets and your way high great expectations that will be soberly disappointed just like in marriage.
The honeymoon wet dream was great 5c to $5, its long over. get used to it. The hard slog $2-$4 range is in. Those babies are screaming and crying all night long, theres no fun anymore. Get used to it, its called real mining like a real marriage. Time to mature and grow up like a man not a teenager fantasizing about wet dreams in his youth.
Range bound $2 to $4 ...reality, the real mining issues are only just beginning. no unions..hahaha good luck with that, they will find a way.
no tall poppy syndromes...hahaha good luck with that. Your wet dream syndrome is gonna get hit with reality syndrome and tall poppy syndrome, its inevitable.
As for me, hahaha, i have dug thousands of ditchces, packed thousands of shelves, paved thousands of bricks, done hard slogs in 45 degree heat, i have also managed to invest and accumulate $Ms in assets using wise financial planning. Financial plannning 101= diversify your assets, your share portfolios, 10% gold, 30% equities, 30% rentalss, 20% bonds and savings/cash, 10% your own home with no debt...
SIR cash burn is -$33M per half (SIR half yrly report to 30 June 2014) WSA just reported operating cash costs of $2.23USlb not far from SIR DFS in real production with $280M annual income. Even lowly MCR is making $100M income and with a higher NI grade than SIR at 3.19% grade forget 2.1-2.6% of nova. In the case of SIR i will pull this out from the SIR half year report
for the half-year ended 31 December 2013
Notes
31 December2013$’000Restated *31 December2012$’000
Other income 998 355
Administrative expenses (3,328) (1,359)
Share based payments 6 (3,889) (18,953)
Exploration expenditure written off 4 - (510)
Exploration expenditure expensed as incurred 4 (2,994) (13,448)
Loss before income tax (9,213) (33,915)
Income tax expense - -
SIR Directors report M Bennett 26/2/14-
On 3 February 2014, the Company entered into an employment contract with Rob Dennis and under the terms of the contract:
• Mr Dennis was appointed in the capacity of Chief Operating Officer and will be paid a base salary of $442,225
plus superannuation per annum.
• Mr Dennis is eligible to take part in the short-term and long-term incentive employee schemes.
IN the POS ASX announcement 12/1/15 Rob Dennis yes that your COO extended his holdings in POS by 96,000 shares to 3,381,000 shares with 500,000 options ex by 31/8/2016. These are more shares and options than Dennis has in SIR. In fact Dennis has 0 shares in SIR right now that have been disclosed to the market other than perf, bonus incentive shares.
So Dennis is hedging his bets with another Ni producer in a big way, so should you, follow the leader.
You can throw namecalling around but sorry guys im not taking the bait. Its all about the figures and real production operating not dreaming or immature schoolbullyboy name calling.
