Interesting to hear from the newest talk by MC 'B2 gold did turn round to us and say "look, we'd like to sample the ore at both our producing mines"'. I assumed it was the other way round.
I do wonder whether the share price is kept this low because of B2. Surely there must be something going on in the background. When's the date for this special resolution? A few weeks away?
The results from centamin are based on their Q1 results, not annual production. So unfortunately we can't quite compare ourselves to them as they'll be producing something like 450k oz per annum.
Looks like it was city financial and cannacord genuity getting rid looking at the slides from Jan and the recent presentation. Good to know the ifc are staying put.
So the 51 million was for 2 plants? We only need the one. Highly unlikely, but would the possible 20 million that is being discussed in May cover the purchase of one of the mines along with money for the bfs?
And the fact that they tested them at both plants. That surely says it all, otherwise why bother sending 2 separate samples if you're only doing it to test recovery rate.
I know a few pessimistic posters on here were stating that b2 were in the drivers seat for the toll agreement. Personally I don't think they are. Surely their shareholders wouldn't be happy if they pass on free revenue. It's a win win both ends. We need just enough money to see us through another year until production starts. The recent fundraising should last this year. The main thing now is to avoid too much more dilution at such a low share price.
In the last company presentation they held 6.71% of the company. The Rns dated the 25th lists shareholders holding in excess of 3% and they weren't in the list. So they've offloaded at least 3.71% and could still be doing so.
Does this mean they've stopped selling or they've just reached a threshold to declare a change in their total holding?
They still hold 4.8%. Let's hope they are not getting rid of all of them!