RE: Patience7 Aug 2019 16:43
High interest payments are with major shareholders (2 of which own 65% of available stock between them) it shouldn’t be hard asking them to pipe down.
Mine cost 250m to get it up and running, considering bank debt is 80m and we now have an operating mine.
Reason share price is where its at is due to number of factors, biox issues, typhoon, shareholder dumping at 0.20 in Nov 18, continuous delays in getting debt restructure agreed.
Considering above SP rose close to 2p in Feb/March solely on anticipation of an agreement being reached so 3p on completion is a fair guess. Once agreed that should in theory be the catalyst for a massive rerate here with improved production, last quarter being the first profitable one in our history and rising gold prices. Clarity is needed first, hopefully we’re not far away from receiving it.