Member Info for booboouberbear

Rainy season may play a small part, but it's clear they hit the upper limit of the oxidising ores sooner than they expected, or bad ore management, either way, if the ore in pit 1 plays ball and even using poor recovery rates like 65%, and 85% Dore purity, this will still pumping out circa 900 ounces of pure Au Troy ounces per month based on 48kt stacked per month. The SP is going to be much higher if and or when that leaches through in July and August.

News digested, now solid buying once the initial RNS fever has passed. Very positive.

At 1-1.1g/t grade out of Pit 1 and even with terrible recovery rates, at 48kt being heaped and leached on a monthly basis, prepare for this to overshoot 1,000 ounces of gold Dore. By a wide margin IMO.

They won't admit it, but they've probably made a mistake with the Ore they stacked during the late 2024 / early 2025 period. They've stacked too much poorly oxidising ores IMO. Pit 1 will slowly start to take effect and the grades should rapidly improve. Its a step backwards, 2 steps forward scenario but at £6m MCAP what an opertunity for the PI if that proves to be correct and in Q3/Q4 we are about the 1,000 ounces Dore target. DYOR.

Great cost dicipline while we await higher ounces to come in from the better Ores in Pit 1...with higher ounces the AISCs should dive. Expanding into further pits along with the Resource / Reserve plan. Early days, but should really explode northwards if / and/ or / when we start leaching / recovering the 1g/t Ore and at 48k tonnes stacked on a monthly basis, may not have long to wait.

Any opinions? Pump then bear raid? Then buy back?

There was also a sizable some of gold unsold at end of Q4, that will add to cash.

38-40k Oz target for 2024 production. If they are well in to the G3 veins and the grades hold up according to the reserve plan, then I'm expecting a 5 figure production number, or close to it IMHO which in turn will send us up towards a £1.

Last post here, sold the reminder of my SHG shares and will top up my Serabi pot.

The talking heads actually ask too, why LSE / AIM is on its knees, this is why, there's no risk / reward to private investors anymore. This company was floated threw thick and thin for 20 years, and as soon as the going got good, it's gone private. It's a disgrace, but no one is left on this putrid index to actually stand up for investors, it's just a free for all stuff your pocket before the music stops, this being one of the more disgraceful recent examples.

I've been screwed before, so you are prepared for it on AIM.

Hood luck in your future investments.

A quid is only an MCAP of £75m or so, a long way to go. First up they need to deliver a good Q1. If they do its off to the races.

Could be closer to £1 than 50p well before the Q1 results at this rate.

It all really depends on the nextvset of quarterly results out in the next few weeks for Q1, but I see a case that at this point, we will be closer to £1 at that stage, than 50p IMHO.

Annual guidance of 38-40k Oz. That would mean Q1 results of 9.5-10k Oz pro rata. If they are well into tye planned G3 Veins, who knows. Anything into 5 figures with AISCs that follow trend, is obviously extremely bullish. Being AIM, same goes the other way if it disappoints.

Macro wise, Au is only getting warmed up IMHO.

gold going ape**** in hk morning trade. new aths.

Still got 500k shares here, and this will still be no. Its raining cash at this company now. This should be approaching double what they are offering. The next quarterly results will be nose bleed territory.

In the background here by the looks of things.

Wouldn't disagree with that, and are invested on that basis. I still expect a violent rerate at some point.

It's an odd situation, putting it middy.

The commodity that Gold miners sell is rocketing, but the SP is not, okay SRB doing okay based on recent history, but the lack of interest in miners os a touch bizarre.

Is it perhaps a deeper shift that investors would now prefer to own the physical metal over the miners that mine it? Or just a matter of waiting until the great rotation and these stocks come back into favour?

@8:25am. The 5 year high is only an MCAP of £90m or so and should be taken out if the yearly production plan is delivered. The G3 Vein they will be digging going forward has grades in excess of 10g/t, and shouldcdeliver great production / AISCs.

I'll hazard a guess and say ww won't be this price in the day the Q1 results are released. Which is a shame, I'd like the new tax year to roll round before another top up.

More farce I see. Clearly this is defeated, they just don't have the heart to announce it.

A truly appalling RNS, almost certainly breaks impartiality rules on takeovers, by a guy who isn’t even on the BoD. Stinks of desperation to boot. What happened here?