Member Info for bonker99

@IWTO I totally agree but AIM veterans know the difference between "on the cusp" and "actually delivered" - sometimes major fkups are painted as "slight issues" in the early days and it's only once the SP has halved three months later that you get the reality.

All that said, and as alluded to earlier, at sub-10p the point is moot IMO, it's clearly already all been priced in and I'm a continuing buyer here at anything like this mcap whilst Gold stays above $1.7k - not a Gold price I ever expect to see again of course, the US today posted a (high comedy) 4.9% GDP print which absolutely nobody believes and Gold is still up $5 on the day - that's gotta tell you something ...

I'd be gutted to see hedging here below $2k - if someone wants to pony up the cash to guarantee 20k oz pa for c$2.2k over the next year or two then that's agreeable I think.

Gold is looking like it's about to explode - the hedging point (re risk at least) is moot unless Kouroussa goes to the dogs and/or Gold drops below $1.7k IMO.

It's the history mate and nerves a-jangle when we're so close to 200k oz pa.

Just 9 weeks to go - if they don't deliver c10k oz pm by EoY then they're going to have a big problem - you can't get away with BSing this close to the line and stringing it along for months.

The mcap is a joke of course even at half that from Kouroussa - perhaps they need to put their hands in their pockets properly now at sub-10p, that'll send the biggest message outside of a January Q4 update with 30k oz (20/10) total booked.

Betts: "Kouroussa at full capacity by EoY".

I suspect the macro will overtake all other considerations here.

HAMAS, IRAN OFFICIALS IN MOSCOW THURSDAY FOR TALKS: MINISTRY

Quite.

My immediate thought was that these numbers vs the timescales given aren't making any sense to me and having been through this kind of thing before here I started to have my doubts as to the reality at Kouroussa.

I don't see how you go from half nameplate in November/December to magically hitting nameplate at 10k+ oz pm from January 1st.

It's about time for the real numbers to start showing up I think, any whiff of rates levelling off - which they have IMO - and , yes, Gold is sure to shine, especially as the unemployment numbers start going vertical as I expect them to over the next six months.

The US took on $600b of new debt in just the last month and at 4.5-5% FFS - biggest dog or not, that's compound interest undefeated once again in bringing you down - eventually ...

A barrage of made-up US numbers in 28 minutes chaps - should be fun ...

:)

UK CBI Total Reported Retail Sales (Oct) - act: -21 , prev: -14

UK CBI Retailing Reported Sales (Oct) : -36 prev -14

Ouch

Fair enough Q although doing business in Africa is never straightforward of course and, as seen with MKA this year, the locals are at least trying to play hardball more than they have in the past - everyone wants to get paid in an inflationary environment like this, a strong gold price should take care of niggles like that though.

AT THIS PRICE which should be the salient point and why I suggest a reasonable sideways move.

Push the Gold price past $2k, however, and this should be at teens on speculation alone.

Double+ the production output with Gold north of $2k and it should be at 30s+ IMO.

$1,993

I think it's a tad more nuanced than that mate - that's AIM mentality though :)

Agree - it's worth of a sideways move, however you define sideways, it doesn't/shouldn't effect the fundamental value of the company but AIM's gonna AIM.

Anyway, it looks like Gold could break $2k for what I imagine will be the final time so let's not forget about that huh?

Yes, maybe but 10k oz for H2 2023 (c8-9k oz for Q4?) then, implied, 30k oz in 2024 Q1 is a little hard to believe - even for me.

As we've discovered here previously - production issues painted as minor issues not being rectified and six months later we find out they were killer issues has cost us all in the past - you can't blame people for being nervous.

Morning.

I suspect what many will be focusing on is the apparent equivocation re Kouroussa hitting nameplate which, at a glance, appears to have shifted from EoY to FY2024, i.e. it could be anything up to 12 months later.

That alone doesn't warrant a huge dump in SP other then the usual short-term AIM types bailing on the day but it's a psychological kick in the nuts at the very least I'd suggest.

Unconfirmed

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Chocks away!

LSE down.

Crazy spikes on this thing these days - profitable though :)