Latest news with #PredictiveDiscovery
Yahoo
5 days ago
- Business
- Yahoo
Alberto Lavandeira Adan Bought 71% More Shares In Predictive Discovery
Potential Predictive Discovery Limited (ASX:PDI) shareholders may wish to note that the Independent Non-Executive Director, Alberto Lavandeira Adan, recently bought AU$190k worth of stock, paying AU$0.38 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 71%. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Notably, that recent purchase by Independent Non-Executive Director Alberto Lavandeira Adan was not the only time they bought Predictive Discovery shares this year. They previously made an even bigger purchase of AU$218k worth of shares at a price of AU$0.35 per share. So it's clear an insider wanted to buy, at around the current price, which is AU$0.39. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Predictive Discovery insiders decided to buy shares at close to current prices. While Predictive Discovery insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! View our latest analysis for Predictive Discovery There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 4.8% of Predictive Discovery shares, worth about AU$49m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Predictive Discovery insiders are well aligned, and that they may think the share price is too low. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 1 warning sign for Predictive Discovery you should know about. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
24-02-2025
- Business
- Yahoo
Perseus Mining Ltd (PMNXF) Half Year 2025 Earnings Call Highlights: Strong Gold Production and ...
Release Date: February 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Perseus Mining Ltd (PMNXF) reported a strong financial performance with gold production reaching 253,709 ounces, which is in the upper half of the guided production range. The company achieved an all-in site cost of $1,162 per ounce, well below the guided cost range, indicating efficient cost management. Average gold sales price increased by 13% to $2,350 per ounce, contributing to a 27% rise in notional cash flow to $300 million. Perseus Mining Ltd (PMNXF) ended the year with a net cash and bullion balance of $704 million, an increase of $117 million over six months. The board declared an interim dividend of 2.5 Australian cents, a 100% increase from the previous year, reflecting strong shareholder returns. The restructuring costs at the Edikan site amounted to $18.2 million, impacting financials, although it was a one-time expense. There are ongoing uncertainties regarding the regulatory framework in Tanzania, which could delay the commencement of the Nan Zaga project. The share buyback program has been slower than anticipated, with only 12% of the target achieved due to market blackout periods. Potential cost inflationary pressures could impact future financial performance, despite current conservative cost estimations. The company's investment in Predictive Discovery is considered expensive, and there is uncertainty about whether it will yield satisfactory returns. Warning! GuruFocus has detected 7 Warning Signs with CHRYY. Q: Could you elaborate on the restructuring costs of $18.2 million at Edikan and whether there will be any carryover into the second half? A: (Leanne de Bruyn, CFO) The restructuring costs were part of a completed program with no carryover into the next financial year. The changes involved moving staff at Edikan onto fixed-term contracts, triggering redundancy and retrenchment payments. This is a common practice in Ghana, and the program is now concluded. Q: Can you explain why costs were running under guidance in the first month? A: (Jeff Quartermain, CEO) The lower costs were due to a slower rate of expenditure on sustaining capital and shorter haul distances in mining at Yaoure. While this may even out over time, we have been conservative in our cost estimation, anticipating potential cost inflationary forces. Q: What are the elements you are waiting for before commencing the Final Investment Decision (FID) for the Nanzaga project? A: (Jeff Quartermain, CEO) We are ensuring there is no ambiguity in the framework agreement with the Tanzanian government, particularly regarding VAT repayment during construction and corporate structure. These are important for a long-term partnership, and we aim to resolve these issues to give them full legal force. Q: How are you considering mine life extensions in a high-price environment, particularly for Nanzaga? A: (Jeff Quartermain, CEO) For Nanzaga, we confirmed the resource and reserve are solid. We plan a further drill-out program to convert inferred material into measured or indicated, increasing reserves. For other mines, we are evaluating whether higher gold prices justify extending mine lives, considering potential higher costs. Q: At what point does the Nanzaga project hit a critical path for the January 2027 commissioning? A: (Jeff Quartermain, CEO) If the startup date extends well into the June quarter, the January 2027 commissioning could be under pressure. However, we are hopeful of starting much sooner to meet the timeline. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
