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@asprogerson totally agree after Kilimapesa hill results I'm expecting increased exploration grades within smaller strikes.
We know with the addition of the heap leach we can extract gold from very low grades which altogether will bring the AISC down considerably.

There's been no additional work carried out there , so it's only going over previous work and formulating a plan and Franck Bizouerne is the man

He's the new geologist in charge of the drilling effective from 1st April.
All previous plans are out of date and it's the same with Riaan Lombard and the expans plans.

Vim Rutha was priority 2 target anyway.

The new management team brought in have put their own stamp on things from here in

Your answer is within the 4th March RNS

Let's hope Robbie gives us regular exploration results like he said and the second half of the year could be transformational.

Can't believe people selling for a few silver coins there's massive Gold Bar return potential here!

@TrekMadone I like your honesty and see where you're coming from as most people say something like they're sitting on their hands etc
There's hasn't been the liquidity volume tight spread and uptrend that any trader worth their salt would use to gain an advantage, that will all come in time no doubt.
Anyone trading trying to overcome the above obstacles would have a minimal risk to reward benefit and most new investors/traders would most likely lose more than they gain.

It's all about share accumulation for me at this stage in the company's growth story.

Looks like the big sellers have melted away and we're just left with little traders.

Not many millionaire traders but there's loads of millionaire investors ;))

@ID78 They have 671,000 oz but it's made up from 532,000 at Kilimapesa and 140,000 at Red Ray. (Yes there's 1,000 differential but that's how they work it out)

At the moment they have only drilled at Kilimapesa, they have increased the strike length around 750m , the grades have been consistent along the strike.

I very much doubt with the increase made and the grades they have added 370,000 oz the maths just doesn't work at this moment.

Half the trouble is the company says where it wants to be before they have left town on the journey.

No chance of getting to 1m this soon perhaps later on in the year.

Keeping it real

Good to see them putting down more results. Long term holders will do well here and traders keep looking at your charts

Joff1 - Further out the historic grades were higher as well. So add results every fortnight they could turn the ship around and have the wind behind them going into production results.

12th May RNS said 3wks ago

Six holes (1,241m) of DD drilling also completed and 583 samples submitted to the lab with assay results due imminently.

Must be soon

Trolling a share that's currently 25% cheaper than when the CEO just bought says all you really need to know about how dumb these people are....

I really liked this interview beforehand there was too much emphasis on how much was the current production but as Robbie said it would be like trying to drive a car whilst fixing the brakes.

Let them get on with the hard graft and I'll just keep mopping up these low prices

Two good sessions and it's a short week!
Looking forward to seeing the assay results

@aprogerson nice post don't forget they need to increase the blended average grades and the DD results should give us the indicated increase.

Q1 results mentions 24,000 x2, 24ktpa x1 , 25,000 x1 & 50,0000 x1
Seems a bit excessive if they aren't ramping.

My take is the warrants with 2.5p strike price ending 31/12/22 they need the SP well above 2.5p for the warrants to be exercised.

Who's holding these warrants? Can't be someone selling at a loss who would still make a profit if the warrants were exercised?

There's a lot lost in translation the 1,000 ounces by end of Q4 was just a proof of concept, does that mean 2,000 ounces are also a proof of concept? The goal is after all 50,000

This bear market is going to be a learning curve for a lot of newer investors. Time for interviews has passed for me I'm only interested in something written in a RNS which probably won't change things around short term anyway.

Robbie & Co have ramped the hell out of 2000 oz production and they won't be delivering it for 6 months. He kind of brought it on himself it's going to be a long but lucrative 6 months