Paul de Gruchy was answering a conversation on ADVN and made what I think is a relevant point (It's a big piece of work and a large document):-
"I think there are 17 different external feeds going into the PFS. It is a big piece of work that needs external validation of each material assumption."
Hope it's with us in May!
I suspect the bondholders were looking some sort of convertibility which would lead to dilution and therefore a no go.....The talks perhaps are leading to a number of hoop jumping conditions to avoid said dilution! It wouldn't be a shock to me to find it's PXC BOD that have been totally in control here or at the very least....mainly in control! I suspect we are very near......hope so!
And A bit stolen from ADVN in reply to me:-
"............I'm as frustrated as most here on at the time frame and constant slippages, but from here the risk reward suggest to me that getting out at a significant loss could be a serious error when sentiment could turn around - and very significantly - any day now."
Who knows?
An update comment this morning on ADVFN from Paul de Gruchy (PXC's Investor relations co-ordinator UK):-
"On timing of the PFS I was asked if it was on target for this month still and I answered along the lines of “there or thereabouts”. I’d urge people to focus on the content of the PFS: if it comes out on 27 April or 4 May it really isn’t material"
I recall Paul de Gruchy (PXC's Investor relations co-ordinator UK) posting somewhere that he strongly expects good news this month.....personally my guess is May into June based on the dates in the RNSs......
........We'll see!!
I wouldn't be betting against the buying activity but as I said on Friday from past experience:-
"maybe an RNS in the pipeline.....seems to get a bit of buying in advance......and the subsequent sell off.....shows me that perhaps the knowledge of an RNS coming...but not the content....only the author/s know the content!"
my thoughts are that the content is secret but the knowledge of an RNS in the pipeline appears to leak......all IMO only...I don't know if I'm right on this?
We meet again Noel and dv.
Bought my last certificated AAU in here around 10 yrs. ago or more (similarly with SHG)....I think I paid around a penny for my AAU.....lost plenty with SHG....but made it up ok here at Ariana.
We had a special dividend of 0.7p a couple of years ago from significantly and controversially lowering our JV % ownership share but indeed plenty now going on to start to see some movement in due course.
It sure pays not to have all your eggs in one basket!
GL
Yes Indeed MTSparky,
I suspect they kept the SP range bound this month( to an extent) for the Bed and Breakfast/ ISAs etc.
.....with a little bit of steady buying from now we could be well on our way to 14p+
And of course on positive news??? maybe an RNS in the pipeline.....seems to get a bit of buying in advance......and the subsequent sell off.....shows me that perhaps the knowledge of an RNS coming...but not the content....only the author/s know the content!
I would like to see $25m Bond Completion followed by PFS and more "used" equipment purchases and before the end of May 2024....would restore confidence and enthusiasm....and SP to ??? is 60p too much to expect by 30th June 2024??
GLA
At least the SP is consistent.....and tax efficient.....lol
Consistently dropping since I re-bought in 2 years ago....and no CGT to worry about.....lol!
No doubt I will break even this year....perhaps even a profit!!!
Good news, I'm selling up and laughing all the way to the bank with my RRR profits.........lol........you'll not see this type of post here .....just like the eclipse in the UK! it just doesn't 'appen.......lol
They wanted guarantees for their short term investment by hoovering up the PI/RI shares....and they were told the 15p was guaranteed! WIN/WIN for them and our "Shaggers".........Karma will get 'em ..........we should do a collective voodoo curse......or maybe already we have .....in our thoughts! GLA
Sprott
"For the gold mining sector, we estimate a fully loaded cost (extraction, sustaining Capex and exploration, plus corporate overhead, interest and taxes) of $1,750 per ounce. The gold price averaged $1,943 in 2023, indicating an industry-wide profit margin of $200/oz. Assuming a 2024 average price of $2,072 per ounce (same as Q1 2024), the industry-wide margin would rise approximately 61%."
Current Price
$2,374.04
Today the industry-wide margin would rise approximately 216%!!!!
Like i said before ....they could not have afforded to takes us private beyond NOW!
I was having a word with a friend of mine called Einstein...and he says continuing to do the same thing and forever expecting a different outcome is the definition of insanity.......what a plonker? I told him to shut up and buy ARMcMB.........I mean RRR....lol
As per the thread attached below.....I still have my small holding in Palm 48,888....and now in profit and quite happy to continue holding! You can tell AimMaster of fantasy....who gets it all wrong....lol