Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Nothing spectacular about the volume today but the mm’s have suddenly started moving the range up.
If the 50 cpht is going getting blown out if the water we should know pretty soon
The concentrate was of course getting ready for processing 2 days ago?
RNS logged perhaps?
Gold is on an absolute rip again :-)
$2000 can’t be far away surely?
All good for POLY.
GLA
For any amount
Buy 1.19
Sell 1.03
Are you holding here Chatty?
I’m with you wrighty!
Spread now 20%!!!
Mm’s want full ask for even £25 worth
Cheers JS
Many thanks to those who posted regarding the web cast today - it’s much appreciated.
I think today’s results are a reflection of how difficult Q2 and Q3 work for the company in 2022. But in Q4 we’ve seen the start of a nice recovery with inventories being sold and debt being reduced, If we put the issue of the GTR to one side I think the investment case here is improving.
As it has been said - if gold prices remain high, 2023 I will be much improved.
Gla
I think Julian makes an excellent point with regards the link between commissioning for this project and then moving the kit to Thorney river. Now that they know the plant works in its entirety in the period for setting up a TR should be far shorter.
Moving forward - the Concentrate will be sent for processing, and then we will start to get an idea of the value of the diamonds we’re finding. The thorny river project will be far bigger as blasting will be required. I’m beginning to wonder how they will fund the operations. Any ideas?
They’ll mark this down based on the GDR issue alone.
But -
Production in line with guidance.
Debt being reduced.
Capital expenditure maintained
Gold and silver prices high
And remember - it’s only a paper loss.
An RNS costs money.
A tweet is essentially free.
Personally i enjoy watching the journey unfold.
Does this explain?
The first type of process, which is generally used in alluvial operations, is called a Rotary Pan Plant (RPP). In an RPP, the diamond-bearing gravel, sand and earth are mixed with water to create a slurry, often known as a ‘puddle,’ with a specific gravity in the range of 1.3 to 1.5 g/cm3. The puddle is then stirred in the pan by rotating angled ‘teeth’. The heavier minerals will settle at the bottom of the pan where they are forced down to an area where the concentrate can be extracted. Many of the lighter minerals overflow the pan and can be removed to waste.
A few people of late has questioned the value of mining the gravel dumps at Marsfontein. And to be fair - its a reasonable observation to make.
I've re-read the statement from J.C regarding the bulk sampling of Marsfontein in 2020
It states
The first was to test the grade of the fresh kimberlite and the second was to confirm the grades of one of the mine dumps.
“Both were achieved, and proof of the fresh kimberlite grade paves the way for further exploration work on Marsfontein to target potential blows.
“The kimberlite grade is aligned with those achieved at Klipspringer mine and Thorny River, which are both nearby, indicating the considerable extent of the kimberlite dyke system.
I think the processing of the gravels is almost immaterial. What they really want is to extend Thorny River to include kimberlite deposits at Marsfontein. Has this been suggested before??
I asked JC a week or so back about the daily tonnage throughput of the plant.
He said we’d be getting the numbers in the next RNS. So I reckon that’ll be this week :-)
I’m getting itchy with anticipation tbh . .
We’ll be getting an update on the Marsfontein mining in the next few days
The lack of any twitter updates today makes me think an RNS is coming
Our Thorny River permit is now due.
And let’s stay optimistic about Ghaghoo.
JC needs to work that magic . . .
Regardless of the political motives moves towards peace are now happening
Gold and silver are looking very strong
And they’ll be an update of news this week
GLA :-)
yes you're quite right. Its only a possibility at present of course.
The last time the possibility of a Russian asset sale emerged the SP soared 35%
And now we have a potential bidder who's completed due diligence already?
That 1 million share buy on Friday now looks a good bet.
Although the cynic in me thinks any quick rise will be aggressively sold into.
Any thoughts? PS no not you Blue.
Yes there's no doubt that Ghaghoo is the golden egg as it links directly to the development of KX36.
But - it is not a certainty.
The mining of the Marsfontein gravels and of Thorny River is.
I did wonder whether JC was going all out (when in London for the AGM) to find a funding partner for Ghaghoo.
But that's a fair while ago now. What do we think are the prospects for Ghaghoo are now??
I didn’t think 6 weeks was unreasonable.
But I didn’t factor in the amount of time the commissioning of each section - I suppose it needs to be right though.
And I agree it’s difficult with regards expectations. But short term cash flow followed by Thorny river sounds good to me.
Ghaghoo would be a huge bonus of course
All I see is green ;-)