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Agree am...
Lots to be positive about and the possibilities are HUGE here. With a good JORC we will see a massive re-rate to past levels. No guarantee though.
Everything is in place for the right results going forward. Adonis and George know there stuff!!!
Nope.
Still buying
Hi Monarch,
Yeah it’s been a couple of years, painful ones...
Recently is the first time I have been reasonably confident/bullish about the companies prospects going forward. Shame for me as I got in way way higher than currently levels, but I have held tight.
Really liking the plan George has for RBW, with the backing AP who I have done some work with previously, he is a class act. They know their stuff and I really do feel they can make a success of it in the long run.
They really haven’t had much luck with the weather hugely affecting production, along with some legacy machinery... however that all appears to be in the past with new trucks and bulk mining in its infancy.
I know a couple of lads at Hannah & Partners that think this could be a great long term play. The company states itself that it is a longer/mid term op, not a short term play, people need to remember that (read their mission statement).
Bottom line is if they can ramp up production of the existing Burundi area and have some luck on the Zim side too, we will be laughing.
We are also very luck to have not been affected by C19 yet.
It’s a very risky play and as you say is a bit of guess work too. Wouldn’t be surprised to see another fund raise from equity in 2020 either. But if that’s what it takes to get us up to BE production then so be it.
REMs are only getting more and more important and we are in primed to fill a gap in the market should the strategy go to plan...
Financially it again looks risky but that’s the risk you take with these young mining companies. Costs should come down in 2020 and revenues up, can’t be a bad thing.
Sorry for the typos... phone...