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I think people are scared to buy because of placing shares and they wait until that will happen
In theory no point selling at a loss.
And practical if you’re selling it probably you not going to lose all your portfolio
Who can blame them.....just turning into another of LCs shambolic lifestyle Co's. Such a shame as there are some great assets here just an incompetent crook at the helm. Wouldn't be sub 7m mkt cap if market had any confidence in them delivering.
Mkt cap vs project economics is only reason I am here, just pains me to contemplate averaging down.
rats and sinking ship come to mind.....
In theory no point selling at a loss.
Mining in Africa has its pitfalls. Risk reward stuff.
As long as there are no natural disasters any human created issues can be solved easily.
What’s the point in selling at a loss. Alone nickel project is worth multiples of current market cap. LC is not just the one man running the company. I will wait patiently. Gla
Ah thanks SirGB so do you know whether Blyvoor gold mine’s director Wels Sempe employed by Katoro or not?
Smart ... mining underway ... there is an existing mine at Blyvoor and has been for a long time separate to the KIBO tailings project
And yet no RNS regarding any of this! I didn’t even realise mining was underway! Absolutely shocking way to run a company. Shares are worth so little now I’m holding them just in case there’s good news which would propel them higher but I have to say my confidence is at an all time low. Still things happen when you least them to!
52 week low broken, could go lower now.
Thanks Cliveas
Nomad Royalty Company Ltd on TSX.
Much more upbeat.
How trusted are those other sources of news?
But who knows.
GL.
Where was this announced ?
Announced on 14/04 :
'FIRST DELIVERY FROM BLYVOOR GOLD STREAM: The Company has received its first gold delivery from the Blyvoor gold mine, located in Carletonville, South Africa ("Blyvoor Gold Mine"). Following the first gold shipment at the Blyvoor Gold Mine, mining activities were temporarily suspended as the result of an unlawful blockade at the mine entrance by members of a local union. On April 8, 2021, the high court ruled in favour of Blyvoor Gold Capital (PTY) Ltd. ("Blyvoor") and determined the blockade to be unlawful. As of April 12, 2021, Blyvoor has re-commenced operations and production ramp up activities are ongoing again.
Pending full restart, the Blyvoor Gold Mine will be fully operational and additional deliveries will be expected at regular intervals as the mine ramps up to full production capacity. Activities on site will be focused on opening new panels on deeper levels, augmenting monthly ore throughput and optimizing the current operation, with commercial production anticipated by the end of 2021 at which time Nomad will be providing guidance to investors in respect to deliveries under its gold stream. Safety remains a top priority for all stakeholders and as such the Blyvoor Gold Mine has implemented robust safety standards and strict working procedures. A technical report in connection with the Blyvoor Gold Mine mineral resource is expected to be completed in the second quarter of 2021.'
The mine was going well so it seems.
GL.
Yep, very risky investment atm..
https://www.enca.com/news/watch-will-murder-derail-blyvoor-mine