Didnt think the update was that bad to be honest. Gold is slightly higher as well! I think the sign was a few years ago when the CeO offloaded a lot of shares. Tends to lead to a change in sentiment .. I think gold will do well next year and with the volume if oz they expect it's a hold for me..
The sale of Zama and repayment of a substantial amount of debt will see this zoom up. Free cash flow will be increased vastly as well as the redemption deadlines no longer being an issue. Oil is still subdued at this price and margins are better than they were years ago so still happy to hold.
On the recent RNS there are votes coming up on resolutions 2 and 3 which will enable to board in the future to issue equity for investment without first offering shareholders rights to participate or vote. I would strongly recommend that this is voted down in order to maintain an element of power and stop liquidation at whatever price the board seem reasonable.
Ahead of guidance at S.D... 12 well campaign kicking off (had great success with the drill bit previously) And... an extra 2 million USD added to cash reserves in 3 months. Should have had Mark at the helm a long time ago! Avanti !!!
This is far from a safe place to put money. It is one speculation and a very high risk gamble when considering the investment world. One end you have apple/Amazon and the other end you have Kodal minerals. Company performance and shareholder liquidation has been awful here. I doubt the chinese are happy !
Will be a bigger test for the product in the UK with lower temperatures and bigger fluctuations. I'm no road expert but understand that the cold and heat contractions coupled with heavy traffic break the surface up. If it works well here then undoubtedly we have a superb product on our hands with unlimited potential ?