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If page 17 is a genuine reflection of the efforts of the Corica mining fleet then its clear their performance has been terrible.
And they are due even at a pro-rata basis probably 10% of their fee if contracted on pay per tonne.
And it suggests that if the fleet can mobilise effectively that this Q2 will be a steady ramp up and that Q3&4 will be bumper processing times.
But this slide is my favourite. Very informative both negatively and positively. And one i think they should be producing for all active ore bodies as a progress snapshot for the period, especially because we have had mining issues.
Im feeling much happier about the near term though. All the NPV's are based on $2000 gold as well. 0.5b NPV Excl Dugbe, BUT if you price Kouroussa at current gold then Yan is excluded as well...
In my opinion there is hope here despite the really honestly terrible issues.
I'm still not sending Dan a christmas card though, he can get bent until he turns this around properly.
ATB Ballio
Top of the Leader Board, Nice!!!!
Booooooooooooooooooooooooooooooooooom!
Great to be back in profit,
Congratulations Guys, looks like a nice rise !
Well done to you all.
20p here we come!
Love your positivity, I bet you’re a right laugh 😂
As usual a few green this morning
Hum 25/30 end of the month
You cannot buy only sell right now
Tight squeeze on its way
GLA
In the newly released presentation it says: - "All four mining fleets are on site, with a fifth additional fleet operational to further accelerate ramp-up."
So I would assume that presentation means its all back to business.
Next RNS will hopefully confirm they are all back and also confirm mine commerciality.
No mention of the financing? As the end of April has passed and we have been cash flow negative I assume there has been a default on the first debt repayment. But no RNS? A rampy presentation smacks of a fund-raise to me.
Look are they back at work or not? If so why don't the company just release a statement to that effect? Look after the interest of the shareholders.
Looks like things are improving, we could do with an increase in production, take this to a new level!!!
YAN is in line with 80-85K oz forecast for 2024
KOU now be live back we should see min 20P or MCAP of £160M which is oy a catch up to shanta Gold. The RUS of Dugbe will provide further MCAP
Gold over 2400$ as well
Looks like we are back on track.
Expect announcements today and coming days including:
- back full capacity at KOU
- access high grades and production at 2K oz a week
- RUS for Dubge including more resources, Gold price move from 1700 to 2200 and pre tax profit from 650M to 1.3-1.5B
- nice surprise would be a party like to acquire Dudge
Clear we should see 20P quickly
Well yes it looks good news, but before we get carried away let's remember the disagreement that stopped them working was about underperformance,let's hope they have resolved the issues that caused the underperformance and we see the consistent long term improvement. Otherwise we will be back to square one. Let's be optimistic for now though.
40% up across the pond
Up 45% over the pond
Well that’s pretty conclusive that Corica are coming back to work. Great news! Since the SP is currently priced as if the company is going bust then there is a lot of making up to do. I don’t think it’s out of the question for the share price to double in short order at the current gold price. Interesting day tomorrow for sure
That is a Monster Excavator.
https://www.linkedin.com/posts/mohamed-coumbassa-1267b068_back-to-site-coricagn-activity-7193192602958004224-QJyJ?utm_source=share&utm_medium=member_ios
Yup... This will fly tomorrow, big RNS to drop
Some more corica workers back on site too....with some big boys toys.
Some more blasting at Kor... So that's at least 2 blasts now since the Q1 update.
Momentum is picking up now for sure in spite of Corica.
Video on the other board.
Ty bushy
Seems positive - fingers crossed.