Member Info for bonker99

Cotec are marking it to market.

It's right there in front of you - do the math.

Below the current mcap I should say.

sure but *** packet math also tells you that this can't drop below the current sp ...

Re Gold - check it out ...

https://x.com/bonker_99/status/1708784040390643746?s=20

Nice grades.

That would be superb but I wouldn't count on it - they really are trashing Gold severely on the daily - sixth red day on the trot, epicly oversold RSI - you just never know what size of rebound they're setting it up for in the very short-term via some global shenanigans ...

Morning.

Q3 numbers are kinda irrelevant.

You've seen the refinance schedule - 2024+ is what matters and Kouroussa was pencilled in at an AISC of just $1k oz - it won't be that in reality of course due to inflation but if you're assuming 200k+ oz pa at an AISC well under $1,500 ($1,300?) throughout 2024 and you're bearish Gold before it blows up next year and take an average $1,800 Gold price then you're still look at $100m of profit.

Those aren't "bankrupt" numbers, or anything like bankrupt numbers - it also remains to be seen what happens to the Gold price over the next six months - the gold price is oversold on the daily right now, who knows what happens next.

That said, if CRIMEX can get it to $1,700 by EoY then they will do so but there's zero chance of it staying there for more than a few days IMO - many will see that as the surest green light to throw the kitchen sink at Gold/miners ahead of the debt implosion in the US in 2024.

Trickle in here and elsewhere over the next 3-6 months IMO and stay patient while the game plays out.

Correct, it's not as bad as it's been portrayed- as I've said a number of times already the short-term Kouroussa expectations on here have been naive - at best - and the company is still suggesting Q4 for end of ramp-up.

Still, if it gets people to sell me their shares at single digits again then happy days.

Morning.

Re US govt shutdown - well must..have..inflation.. huh ...

@anon In short, yes, I think that's exactly what it is but it makes it very readable - another nice over-the-top swing down on not really grim news ready for another burst upwards after having cleared PIs out - again - y'all knew they'd have to borrow to go underground for the higher grades, right?? Would you rather be diluted instead??

Lower SP would be great but I think most will read this accurately so the buying pressure down there will be significant. I would assume the longer-term plan is to get as many ITK in at single digits as possible before an inevitable huge swing up throughout 2024.

This is an awful lot of multi-jurisdiction, producing gold for sub-£50m already.

Evening.

Agree with all of that.

The timing of HUM and gold wobbles with the backdrop of US rates shenanigans could present quite an opportunity here over the next 3-6 months.

I expect the first rate cut to come in Q1 and Gold to be at my initial $2.4k target this time next year by which time HUM could/should be knocking out 200k oz pa at North of $1k per oz profit. Dugbe could be gone by then too.

We've all been here before, it's somewhat disappointing to be back here again but if the spivs drop her under 8p I'll be taking a lot more of these on board myself and simply sitting on my hands for another six months which will fly by as it always does.

They're ravenous :p

Yummy!

Mental health far more important than money of course but that is 98% of the game on AIM ...

It's a 9-bob note without question but very readable mate.

A 200k oz pa producer in 3-6 months time @ £50m mcap with a sale of Dugbe in the offing too - almost too good to be true but the pros will tell you otherwise of course - they know it as well as I do.

Gold oversold on the daily to boot - lubbly jubbly.

GL

Most gratefully received at 8s - thanks so much!

Keep watching chap.

A £9m mcap presents a different value proposition to £180m of course - at this point in time that's all that matters to investors.

@anon - just because it hasn't happened yet doesn't mean it's not going to happen - my timeline for the big Gold/Silver win is still 2026.

Find an hour to listen to this:

https://x.com/bonker_99/status/1707498055921025320?s=20

Do better mate.