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You lot are living in cloud cuckoo land. This stock is a turd. Always has been.
Well that was a very timely entry
Boom there we go. Awaiting the rocket!
Agreed would of expected these to go well above £1
Great news! should do well now with current gold prices
Very likely today if not nailed on!
Great News, onwards and upwards
We reaffirm our revised 2019 production guidance of 180,000 to 200,000 ounces of gold, whilst assessing a number of project optimisation options, including ore sorting and heap leach scenarios at both New Liberty and Youga, with aims to further improve the economics of both projects."
If we don’t get an update tomorrow 55-60p will be on the cards if we do then the sky is the limit
we get a nice juicy update on Monday, then Boom Time
GLA LTH back to £1 plus
Agreed these are way too cheap and expect them to surge to 70-80p next week
perhaps read the RNS's? they targeted 12th of June in the initial update, 2nd RNS stated mine closure.... with gold prices around the mid 1300s you'd imagine they wanna be mining yesterday
Risky of course, but you're never gonna find a 180-200k oz producer for sub 50m mcap at current gold prices
12th July, Mikey? as 12th June passed.
So nearly a month to go
Can't imagine it'd be too long... they intended on resumption prior to the 12th as that was reserve depletion date
Either way it's the gold prices that will determine where this is heading and at what speed ... at nearly year highs you'd imagine they'd wanna be up and running quick as it covers the increased AISC
Also note, I believe the other mine is still running and the staffing issue is at Youga
I recall few years ago when workers in LMI (Lonmim) and AAL (Anglo American) mines went on strike they took several months to resolve the issue. Hope this one not too long.
Again apologies LTH... Risky for sure but it's quite clear what has been happening here, looking historically the daily volumes are next to nothing, CF probably dumped at some point and this has been on a steady but significant decline since the high £s despite good news and results, so the only explanation was lack of volume vs an almighty overhang, either that or some very privileged holders aware of the dilution/issues…So where does that leave us:-10-15% anticipated reduced production level in OZ – bare in mind this has already tanked around 50% from £2 despite good news, so probably ‘priced in’ to an extent-Increased AISC’s by circa $50 p/oz – do find this strange despite the staff initiative… perhaps related to the dilution? The contractor has even offered equipment at own cost, but hopefully gold prices offset this-Cash shortfall – unlikely the 75% owner will allow dilution so possibly refinancing/ or will he chuck in some more money again?- Staffing problems, remains problematic – but hopefully resolved by the end of the week, seems like they di want to meet the 12th deadline before the reserves were depletedA 200,000 oz producer for sub 50m mcap.. DYOR etc
lets hope we have an update onMonday that the strike is over and were back producing gold bars again,
GLA LTH 60-70 on this kind of news,
Almost 50p before the weekend! Nice finish
Mikey, there is nothing for to do here but wait. once strike ends, ASO will outline next steps and the damage done in terms of revenue lost. It is only after that, that we should get more chatter on here. This is still a very risky stock... don't forget there has been another outbreak of Ebola in Africa and the last outbreak affected this stock.
If reached over the weekend...50p plus on open.
just me here then seems like everyone on this BB is also on strike
gold price holding well,
Hopefully an RNS monday morning then party time !
Also NT to buy again...
nice long week off..... probably be bored by now ;)
..monday ???