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SP up over 45% in US
Absolute was of ducking time, sounds like Norman Collier with a gag on
Running round like a blue arsed fly to be ready for 5 and it's at 5:30 do'h
HUM is my only gain today, makes a nice change but still deep underwater
Oil & GBP caving nicely - that's a cool double-whammy for UK listed miners of course - let's see what they can conjur up on Gold/Silver ...
I'll 100% be on this one, leaving early for it.
i'll post everything i can remember, notate!
Cheers, BB2
I will post a summary if I get a chance but waiting on a call this afternoon to pick the missus up from Bluewater Shopping Center so might not be around myself yet.
Bushy,
Is this it?
https://us02web.zoom.us/webinar/register/WN_GmNkb5LPQKyWJfqVOlkPpw
Think you need to register to view it.
I am away on hols so unable to attend. Please could someone post a summary and and q&a.
BB2
Please could someone repost the VOX link for the webcast?
Some kerazy FX moves today chaps - watch those pairs ;)
Dropping the Dugbe DFS after hours instead of 7am and ignoring the Mali news that has RSG up 15% today is starting to throw off lots of smoke for me - I've come over all bullish from 10p all of a sudden ...
I just think this is a board who even now arn't able to put themselves in our shoes and try and give appropriate updates, perhaps more regularly.
You need updates of the right nature even more when you're going through a tricky period.
Tonight's investor webinar is going to be interesting.
BTW - feel free to make me eat it at some point later on but I suspect that Friday's close was the lowest you'll ever see here and it's because of the Dugbe sale valuation - very nice timing re the Mali news that our NOMAD doesn't want to share with the market I must say.
Comes to something when you've got to track RSG news for this:
Resolute Operational Update - Mali sanctions lifted
Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) ) is pleased to announce that the economic and financial sanctions imposed on Mali by ECOWAS (Economic Community of West African States) on 9 January 2022 were lifted on 3 July 2022.
The ECOWAS decision was made after Mali's interim government proposed a 24-month transition to democracy and published a new electoral law.
Just hire yourself a local peasant and a bulldozer for half a day then 150 quid max .
My mistake, you're obviously more clued up than I originally thought... FFS!!!
I was talking about filling it in
You're worried because you don't understand with what's involved in running the mine and incurred costs in the first place. But long answer short.... Care and maintenance in the short term would cost pretty much the same as running it, excluding energy and consumable costs, so you could argue that it might cost circa 80 million versus being cash flow neutral for 12 months whilst you sort out the grade.
Bangs head against the wall
I am worried that good money gets thrown after bad at Yanfolila. How much would it cost to close it down? I'm guessing there are environmental remediation costs etc?
US Q2 GDP from GDPNow updated from -1.0% to -2.1% in just a few days
Whoopsy
And what about Q4 and Q1...
Why would “tens of millions” of the Koroussa loan have been used to support Yanfolila? Say you have 18k ozs in Q2 with an AISC of $2000 and POG $1800 - that’s $3.6m net loss. Then you have VAT not being recovered. But I can’t see tens of millions there, provided Q3 picks up sharpish.
That's a big un.
Took a few more :)
I can count, so similarly I don't see a raise... Welcome to remind me of this post if, in the unlikely event it happens for something outside of M&A activity
I see the raise at a possibility, but would love to avoid a large dilution. I think the mining industry should put 25% of their mines in caire and maintenance.... Otherwise it is going to be a lot of bankruptcy