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Spot on Geezer. We just need gold to stay high so the cash position stays fine. Remember $10.3m of cash at September with $5.6m due in loan repayment in Q2 next year. Need a high gold price to allow the company to have enough working capital.
Q4 cash position update will be very telling given the increase in gold price.
OIL MARKET: New @EIAgov data shows stronger US oil demand than previously thought.
September total oil demand pegged at 20.470 m/d based on **monthly** data, up ~530,000 b/d from 19.938m b/d based on **weekly** data.
The new Sep 2022 data puts the month above Sep 2019 level.
https://www.youtube.com/watch?v=cvK42ylTtys&ab_channel=CruxInvestor
Always been a quiet board mate, no liquidity in the stock. Hopefully this gold movement sticks now and we start to see SRB climb. Company has about £4m in net cash giving an EV of £18m. I fully expect the Q4 update next year to be positive and that the cash pile will have risen, lowering the EV. SRB should do well here.
Not surprised at the SRB increase here with gold going over 1700$. This is great news and take big pressure off the breakeven- loss making Serabi. build that cash pile and get a deal done with Anglo Mike.
Trek, NTOG has had the debt facility for years. The company is cashflow positive. That's the main thing. NTOG did really well on the last run from .2 to .8p. It then had some unfortunate issues, Warrants sellers and issue with the well.
Going forward we don't have those warrants to pull us back. We have PM #2 online, PM#3 being looked at, #PM1+2 looking at increased flow rates from RRC.
Disagree with this being a 'Very good update'.
Q2 end cash was $11.7m including an after period end gold sale. Now its $10.3m with no reported delayed payments.
Company is losing money. No reported AISC for Q3. Told you this company is barely profitable and the evidence to me suggests that the company is losing money at the current level.
Lmao. In fairness I did take profit then bought back at a lower price although I am sat at a loss on this trade. Slightly down overall. Still have full confidence this will get back up to .8p again. Wti will be 100 bucks again in short time. Take your positions now imo. Let's see what happens.