Member Info for BPat890

GoldInvestor7 has a habit of spreading misinformation to suit their agenda including use of multiple IDs. Anyone genuinely invested here best to put this clown on filter. You definitely cannot believe a word they are saying, check their posting history. Has admitted he wants investors to lose everything in stocks he doesn’t own and continues to bash on a daily basis.

@punter64 - you respond every time anyway without encouragement 🤣

Rainfall at Kouroussa was less than average for this time of year as already proven. Your statement that it was double last year is false.

Last year was 675mm of rain. This year it was 947mm.

That’s a 40% increase.

Do you know how percentages work? 🤣

We can count on you two numpties for a good laugh. There is a bit of God complex about you Goldinvestor7 always with the “Let’s see who right” comments. Nobody cares really. The company secured refinancing contrary to your beliefs, avoided dilution again something you both called wrong.

Must be leading a very sad life having no financial exposure here but spending every day posting here.

That goes for your alter ego Punter64 with their desperate minute by minute attempt to suck the enthusiasm out of the share chat.

Goes to show there are some really pathetic roaches around.

Replying to me quickly now Punter64, this really is your full time job isn’t it? 😂

Oh and Yanfolila has not experienced double the rainfall. That is more misinformation. Wetter than last year, around 50% more precipitation during Q3. Good thing nobody here is expecting a major increase in Yanfolila production on last quarter. I’ll stick with my 14-15koz estimate. AISC down on last quarter. Blue skies ahead now the rainy season is over. Yanfolila can get back to producing 18-20koz this quarter.

Kouroussa as you know is the golden ticket, it’s likely done 100% more production in Q3 on the previous quarter.

The 15-16koz is a conservative estimate given they managed 4.8koz in July and that’s accounting for one week disruption due to the mill relining. The rainy season was no worse than average contrary to what you claimed a few weeks ago. In fact they have had less rainfall than average for this time of year at Kouroussa. And again we are now in the dry season. Bodes well I’d say 🤣

Q3 2023 rainy season Yanfolila produced 18,399 ounces at AISC $1,651/oz.

Q4 2023 Yanfolila produced 14,419 ounces at AISC $1,701/oz.

Q1 2024 Yanfolila produced 16,999 ounces at AISC $1,616/oz.

Notice resident troll never mentions these quarters 😆

Reminder at the beginning of Q3 the gold price was $2,315/oz and by the end of the quarter had risen to around $2,675/oz!

Hummingbird reduced hedges last quarter leaving 34koz hedge production over the next 6 months.

That means a huge improvement on margins this quarter. On 40koz production, less than half is expected to be sold at remaining hedge prices of $2,230/oz.

That’s more ounces sold at current market prices. A huge upward swing in margins! Group cash generation from production this quarter will be multiples of last (even assuming Q3 was 30koz).

They should start with GoldInvestor7 - the self proclaimed oracle of investments and a millionaire spending their days on these chat boards … apparently! 😆

Pretty sure it’s just you who’s confused or maybe just feigning confusion for attention.

If your ‘facts’ were wiped by admin take it up with them or better yet take some responsibility for your actions.

Ah typing on the fly, excuse the spelling / grammar. Too tempting to call out the misleading statements

@Punter64 - haha you are getting desperate now Punter! 😂

The notes to Editors section is the same paragraph they have been using all year.

Maybe you didn’t understand but I would guess your being deliberately disingenuous..

At the beginning of the year annual production forecast in 2024 was 80koz (84koz in 2023) and Kouroussa was expected to be at an annual run rate of 10koz per month (120koz) by year end.

Hence the company notes Kouroussa “will more than double current production..”

When they announce commercial run rates they may amend the notes. Either way you can’t glean anything from the end section notes to editors, that is a sign of someone losing it 🤣

has been since the misunderstanding that sentence, which the company has used all year.

Looool a little light relief, he did say he knows “a little pump” so he won’t be gone long

@punter - “Most people don't waste their time on BBs”

Yet you’re here every day 🤣

@Punter - what was that you said moments ago about “plucking totally random figures out of thin air”? Ahh yes that would apply to your placing predictions over the past quarter.

$20 million loan ensures the liquidity short term. Beyond this quarter I expect they will continue with their stated strategy of converting debt to longer term gold linked loan notes, in essence repaying Coris as and when repayments fall due and drawing down longer term loans. Debts to fall next year and be spread over future years, reducing the pressure on cash-flow and providing the company ample liquidity to further invest in mine resource growth.

What happened to your daily ritual “4p placing” ?

Goldinvestor7 has logged in 😆

Q3 was last quarter in case you missed it.

My estimate of 30koz group production is based on conservative figures.

Your low ball 22-23koz guess (which has changed a few times) is based on “10,000 from Koruso” which is plain ridiculous when they already produced 4,800 in the first month of the quarter and continued ramping up through the quarter..

1.25 million buy filled at 6.4p

This quarter Kouroussa production is expected to surpass the monthly run rate of 7,500 ounces (90koz annual production used in scenario below). They were up to 4,800 ounces in the month of July and have continued the ramp up through Q3 according to the last presentation.

At Yanfolila a monthly run rate of at least 5,000 ounces (60koz annual production used in scenario below) has been the norm for the past few years. Q1 they managed almost 6koz per month and they were forecasting a similar number spread across the second half. Q3 Yanfolila results affected by the heavy but looks like blue skies ahead in Q4 with the end of the rainy season.

Busy board today.

Just an addendum to the last post, should say a 25% miss on anticipated production of 200koz.

Achieving just 75% of target production in 2025 would be 150koz ounces group production.

Kouroussa: 90koz at AISC of c. $1,400/oz = $117m cash generation

Yanfolila: 60koz at AISC of c. $1,900/oz = $48m cash generation

$165 million using relatively conservative AISC figures and a gold price of $2,700/oz (any upside discounted along with the remaining hedges in Q1) as we enter a period of slower growth, China stimulus, widespread rates cuts - perfect storm for gold price.

Q3 group production estimate of 30koz should, in round figures, yield around $7-8 million cash and bullion on the balance sheet following a decent quarter ramp up at Kouroussa ( 100% higher than Q2), higher price received and reduced costs as Corica were on site all quarter, no additional third party contractor charges.

Add to that the $20 million Nioko loan (end of Sept) and assuming no loan repayments made last quarter they will probably have ended the quarter with ample liquidity to build upon this quarter.

There is around $25-30 million in loan repayments and interest due to Coris before 31st December. The recent loan taking out ensures the liquidity required to repay Coris the remaining sum due by year end without relying on the sale of Dugbe for example.

Q4 group production estimate of 40koz using $2,450/oz average sale price should yield around $25-30 million if AISC across both mines combined average $1,600 - $1,800/oz.

Accounting for repayment of Coris loans due by year end that should leave the company with around $20 million cash and bullion at end of year ( I’m guessing they will use some funds to optimise efficiencies, recruit staff etc) with $155-160 million debt on the books. Net debt position of $135-140 million heading into 2025 with group production hopefully in the 40-45koz range.

The short term loans from Nioko are expected to be rolled out into longer term gold linked loan notes and the company have stated their intention to refinance more of the debt due next year into longer term gold linked loan notes.

This is necessary to de-risk the debt profile which has clearly been a weight on the company’s shoulders this year.

Given the objective is to reach an annual run rate of 200koz by beginning of Q1 2025 much will depend on how quickly they can make good on their own estimates. Even 25% of this production target next year with gold at $2,700/oz results in enormous cash generation, enough to quickly repay most of the loans due next year with the outstanding sums deferred into gold linked loan notes in 2026 and beyond.

@Punter64 - remind us all again why you’re here.. nope? Still haven’t figured that one out yourself yet.

Don’t know why you’re so upset. Admin may have deleted another one of your misleading posts but you’re still winning for most pointless posts today 😆

Gold price is rising higher and Q4 production expected to be the highest quarterly total of the year and a record total for the company.

Commercial run rate coming shortly, company were forecasting more than 43koz (if Q3 was 30koz production) selling price at 2,450/oz with less than half of sales hedged, the first quarter I remember we are mostly exposed to the gold price.

AISC this quarter must be closer to $1,600 with both mines combined, the company will begin reporting Kouroussa financials this quarter once commercial run rate is announced so we will have an idea of just how economical mine production at Kouroussa is.

The company estimate 10koz per month at Kouroussa will be at AISC of just $1,000/oz! So plenty to be positive about 😉