Rusty no offence taken whatsoever - I like to do my own research and contribute my own thoughts and opinions to give others a different perspective to consider ... also throwing in a little mischievous fun after all the heart-ache and cost I've incurred on this stock over the years. Hopefully the prospectus will tell us more and provide some insights why this isn't as bad a deal as I think. I note a few comments have said something along the lines of "this deal wouldn't have got this… Read More
R. Banker you seem to be on the money in most of your analysis and time will tell as to how it all pans out. I think the sp will drift upwards if they continue along the path of their stated objective of being debt free by end of 2018. That in itself will be transformational as the company could then be making net profits of $300m or more which would be quite a sound business. It could obviously be considerably more than that if GP rises and holds as is quite possible. At the moment the… Read More
Lawrence13, don't be surprised to see the share price drift up to the 13-16p range before the shareholders meeting end of June 2016. The company is enacting a long term strategic plan to acquire good profit producing assets while maximising existing assets. Stock prices should reflect future growth not what is in the rear view mirror. 22p by year end 2016.
The Group will contribute the Project to the JV in its current state of construction whilst GMD Gold will contribute US$120 million which is the estimated cost required to bring the Project to completion and commissioning. Commissioning of the POX Hub will enable the start of processing of the Group's refractory ores and the commencement of gold production from refractory reserves starting in 2018.
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