I mean speaking of rates, you've been for last year or so at least higher for longer camp and Fed for the better part of the year has been on hold. So that's been right. What do you think happens next. Well, you know, the trajectory here, you know, you're asking what happens next.You're talking about in 2025. You think we'll get a few cuts. I I think there's I think there's a reasonable chance we get a cut or two.Um but not certain. And you know I think the market is absorbing the trade policy but on the ca ...

Market Trends & Investment Opportunities - Passive capital is driving Bitcoin towards a potential price of over $1 million [1] - Bitcoin's long-term Compound Annual Growth Rate (CAGR) is approximately 20% compared to the S&P 500 [1] - The rise of companies holding Bitcoin as treasury assets is noted [1] Company Strategy & Potential Risks - There is a question of whether treasury companies will trade below 1x mNAV (market Net Asset Value) [1] - Potential for MicroStrategy (MSTR) to be included in the S&P 500 index is being considered [1] - Discussion around Bitcoin potentially reaching price parity with gold [1]

Event Focus - Breakpoint 2025 will center on revenue generation and investment returns, moving away from vanity metrics [1] - The event aims to unite individuals from both emerging projects and established institutions within internet capital markets [1] Event Format - Breakpoint 2025 will feature product keynotes, team debates, interviews, and fireside chats, but will not include panels [2] Location and Timing - Breakpoint 2025 will be held in Abu Dhabi, coinciding with Abu Dhabi Finance Week and Formula 1 [2] Target Audience - The event is targeted towards those building products or investing in teams on Solana [2]

Salesforce TodayCRMSalesforce$257.10 -0.48 (-0.19%) 52-Week Range$230.00▼$369.00Dividend Yield0.65%P/E Ratio40.24Price Target$348.16Add to WatchlistIf you are wondering whether Salesforce NYSE: CRM can hit new highs this year, it can, at least according to what the analysts are saying. Their activity capped gains following the FQ1 release but has set this market up to rebound strongly, if not following the FQ2 release, then by the end of the fiscal year. The primary takeaway from the analysts' activity is ...

Financial Data and Key Metrics Changes - In fiscal 2024, the company reported over $40 million in revenue and $15 million in EBITDA, with expectations for higher numbers in the current year as operations transition to higher-grade ore [6][7] - For Q3, the company produced just under 4,700 ounces, with revenues of $12.5 million, gross profit of approximately $4.5 million (35% margin), and adjusted EBITDA of $4 million, all showing improvement compared to previous periods [23][24] - The cash cost per ounce in the study was reported at $1,000, with an all-in sustaining cost (AISC) of around $1,200, although Q3 cash costs were higher due to the grade profile processed [8][24] Business Line Data and Key Metrics Changes - The company is currently processing at a capacity of 2,000 tonnes per day, with plans to expand to 3,000 tonnes per day as part of the PEA roadmap [8][12] - The production mix for the quarter was 25% oxide and 75% sulfide, with expectations to transition to 100% sulfide in the future [80] Market Data and Key Metrics Changes - The company realized gold prices of over $3,100 per ounce, with sales reaching over $3,300 in recent transactions, benefiting from high gold prices [23][24] - The company entered negotiations with the Bank of Tanzania to sell a minimum of 20% of local gold production, which will reduce the royalty rate from 7.3% to 4% for domestic sales [26][29] Company Strategy and Development Direction - The company aims to self-fund growth through cash flow generated from operations, with a focus on expanding the plant and developing underground mining [17][49] - The PEA outlines a straightforward business plan that includes expanding the plant, developing the underground mine, and continuing exploration [14][66] - The management team emphasizes the importance of optimizing working capital ratios to align with market comparables and improve financial metrics [32][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the current operating environment, highlighting the potential for increased production and profitability as higher-grade ore becomes accessible [16][21] - The company is focused on addressing working capital issues and improving liquidity to support ongoing operations and expansion plans [31][34] Other Important Information - The company has successfully expanded its processing capacity three times in three years, currently operating at 2,000 tonnes per day [37] - The management team is actively working on optimizing the plant to improve recovery rates and reduce costs [41][47] Q&A Session Summary Question: What is the expected trend for throughput in the coming quarters? - Management indicated that the installation of a pre-leach thickener is expected to transition the plant to 100% sulfide, improving head grades [80][82] Question: What is the timeline for recovery improvements? - Recovery improvements are expected to be seen in the next few quarters, with significant enhancements anticipated within 12 to 15 months [85][86] Question: How does the company plan to handle surface material and oxide versus sulfide mining? - Management noted that while there is potential to process oxide material, the focus will remain on higher-grade sulfide material once plant optimizations are complete [102][104] Question: What are the main bottlenecks for increasing production beyond the projected 62,000 ounces per year? - The main bottlenecks include mill capacity and the need for additional underground infrastructure, which will require careful engineering and planning [112][116]

Financial Data and Key Metrics Changes - In fiscal 2024, the company reported over $40 million in revenue and $15 million in EBITDA, with expectations for higher numbers in the current year as operations transition to higher-grade ore [5][6]. - Q3 financial results showed revenue of $12.5 million, gross profit of approximately $4.5 million (35% margin), and adjusted EBITDA of $4 million, all improved relative to the prior period [20][21]. - The company produced just under 4,700 ounces in Q3, significantly more than in Q2, benefiting from record gold prices, realizing over $3,100 per ounce [20][21]. Business Line Data and Key Metrics Changes - The company is currently processing at a capacity of 2,000 tonnes per day, with plans to expand to 3,000 tonnes per day as part of the PEA roadmap [6][12]. - The cash cost in the PEA study is projected at $1,000 per ounce, with an all-in sustaining cost (AISC) of around $1,200 per ounce, which is comparable to current operations [6][7]. Market Data and Key Metrics Changes - The company entered negotiations with the Bank of Tanzania to sell a minimum of 20% of local gold production, benefiting from a reduced royalty rate of 4% on domestic sales compared to 7.3% on exports [23][24]. - The agreement with the Bank of Tanzania allows the company to use local currency for operating costs, enhancing cash flow and working capital [24][25]. Company Strategy and Development Direction - The company aims to self-fund growth through cash flow generated from operations, with a straightforward business plan focused on expanding the plant and developing the underground mine [15][42]. - The PEA outlines a scalable business plan, with significant blue-sky potential for increasing plant capacity and discovering higher-grade ounces [10][16]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational ramp-up and the potential for significant value creation, emphasizing the importance of returning to drilling activities in fiscal 2026 [16][62]. - The company is focused on rightsizing its working capital ratio to improve financial metrics and align with market comparables [26][59]. Other Important Information - The company has successfully expanded its processing capacity three times in three years and is currently operating at full capacity [31]. - The management team is experienced and has a proven track record in executing business plans effectively [62]. Q&A Session Summary Question: What is the expected trend for the oxide and sulfide mix in throughput? - Management indicated that the current mix is 25% oxide and 75% sulfide, with plans to transition to 100% sulfide by the end of the calendar year [64][65]. Question: What are the expected recovery improvements and timelines? - Recovery improvements are anticipated with the installation of a pre-leach thickener by the end of the year, aiming for a low 80% recovery rate in the next couple of quarters and high 80s to low 90s over the next eighteen months [70][74]. Question: How does the company plan to handle surface material and oxidized material? - Management is assessing opportunities for oxidized material while prioritizing sulfide processing, indicating potential for additional production from oxidized sources if economically viable [82][85].

RT Akshay BD (@akshaybd)Solana fam: we've started planning for Breakpoint 2025.Breakpoint 2025 centers on two themes: Revenue and Returns.No vanity. We’re putting the mic in the hands of teams printing revenue or delivering alpha. Founders, investors and engineers helping them win.The trenches and institutions are both united by the chaos engine that is internet capital markets -- giving us a generational opportunity to reinvent capital markets. This year, we feature them all onstage.Panels are still banned ...

Morgan Stanley (MS) Q2 2025 Earnings Call July 16, 2025 08:30 AM ET Company Participants Ted Pick - Chairman, CEO & Director Sharon Yeshaya - EVP & CFO Ebrahim Poonawala - MD & Head - North American Banks Research Devin Ryan - Director of Financial Technology Research Mike Mayo - Managing Director & Bank analyst Conference Call Participants Dan Fannon - MD - Research Analyst Glenn Schorr - Senior MD & Senior Research Analyst Erika Najarian - MD & Equity Research Analyst - Large-Cap Banks & Consumer Finance ...

Group 1 - ASML Holding N.V. reported a double beat in its most recent earnings results, indicating strong performance [1] - The guidance for the current quarter from ASML was not overly strong, suggesting potential caution moving forward [1] - ASML remains the dominant player in its industry, highlighting its competitive advantage [1] Group 2 - The focus of Cash Flow Club is on businesses with strong cash generation and significant durability, which can lead to rewarding investments when timed correctly [1] - The community offers features such as access to a leader's personal income portfolio targeting a yield of over 6%, and coverage of various sectors including energy midstream and commercial mREITs [1]

Roberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity of pan-Baltic capital markets. Other policy-level work includes the development of national SOE financing guidelines and framework for channeling private capital into affordable housing stock. Roberts is a CFA Charterholder, ESG inves ...