RE: Share tip.22 Jun 2026 12:35
Not so much another tip as an eventuality, is it?
‘Even with the gold price recently falling, it’s still above $4,000 per ounce and we consider the selling pressure to be short term sentiment and that macro fundamentals reasserting in the sentiment will see rises from these levels in due course. However, even the current levels would serve Amaroq well – they would likely mean an eventual 2,000/oz+ per ounce margin, suggesting an annualised $100 million+ thrown off at a 50,000 ounces per annum production run-rate which is where Amaroq is now heading by Christmas.’
That’s the relevant bit for now, isn’t it, as it has been according to plan, , permitting Amaroq to enhance the value of its wider, and more immediate assets, without dilution, with the revolving credit facility seeing them through to year end plus, without dilution, other than for strategic reasons.
At say, $4000 an ounce, it’s well set up - price of gold being an arbiter of how fast development/exploration may take place, rather than whether it will take place. Immediate, revenue enhancing projects, with lower capital input, will take priority.
It’s really illiquid, in terms of share dealing. The main London listing is designed to ameliorate that, and hopefully go to greater II interest, and index inclusion over time.