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A pinch of salt maybe ? ,according to "sources" a
18 month transition has been "agreed" with
external partners so if formally agreed, sanctions
would be lifted, African union and partners
would contribute to the cost of the elections
http://news.abamako.com/p/138981.html
The shares have an exercise price of 1p so they
get the shares for 1p ,but 2/3 don't vest unless
the share price performs.
Main points DFS for Dugbe due mid April, improvements
from the PEA notably power cost they are going big on
solar ,39 MW solar farm,16 mw battery bank,30 mw
LNG plant.
currently between HUM/Pasofino $80 million spent.
Personally hope they sell the project on ,with gold at
$2000 oz and miners with plenty of cash you would
hope they could get between £60-£100million for it
it would be good short term for the share price here.
https://www.youtube.com/watch?v=0ePJDMERmyA
https://www.kitco.com/news/2022-03-08/Goldman-Sachs-pushes-up-its-gold-price-forecasts.html
pasofino share price edges up 0.85 cad
our effective equity there £21 million
I think you are too pessimistic for your forecasts for
AISC at Yanfolila unless oil goes to $200 a barrel.
As for kouroussa they are building 7MW of solar
its good they agreed a fixed priced build contract
with wacom and its a miracle unloved HUM managed
to secure $100 million loan at a fixed 8.5%
for dugbe I am hoping they sell the project I find
it interesting the only other gold mine in Liberia is
owned by Turkish interests and a Turkish group, ESAN
choose to take a stake in pasofino
still all to play for here, just need things to go our
way for a change.
https://seekingalpha.com/article/4186837-gold-price-framework-vol-2-energy-side-of-equation-part-ii
As I suggested the elevated oil price will swallow
up about $100 dollars of the gold price rise so
currently for me the comfort range is $1900 oz
if the oil price goes to $140 a barrel the comfort
price would be $2000 oz
dozens of Mali troops killed in an area with Wagner
presence so they could not call in the French
https://www.france24.com/en/africa/20220304-dozens-of-soldiers-killed-in-attack-on-military-camp-in-mali
This could almost be in a different country to
where Yanfolila is situated but I feel the junta in
Mali are complete idiots sooner they agree to a
timetable for elections the better for everyone,
including investors here.
Gasoline prices are regulated for the general population
in fact there was an article in the Mali press where
some suppliers face bankruptcy, having to sell
gasoline at a loss, Gasoline prices at 28th FEB
in Mali, with comparison to the rest of the world
https://www.globalpetrolprices.com/Mali/gasoline_prices/
I am not sure about the prices to gold companies.
But my previous comfort zone for the price of gold
has gone up from from $1800 to $1900 for Yanfolila
https://twitter.com/HUM_gold/status/1499363010489503748?cxt=HHwWiMCy2dmt584pAAAA
and still on site
on 1st sept 2021 the dollar index was 92.449
today its around 98.67 that's about a 6.3%
increase so arguably you could add on another
$100 + to todays price of $1960 ,I am assuming
a lot of HUM costs are in the local currency
which is fixed to the Euro .
https://www.zerohedge.com/commodities/russia-recommends-fertilizer-makers-halt-all-exports
Clearly big implications for inflation
Presentation was cancelled after a few minutes
due to technical issues ,but they did state they
are hoping to bring forward the DFS to the
middle of April
It seems Russia is going to abolish vat on
gold for its citizens, so they can buy gold
vat free.
"Against the back ground of an unstable
geopolitical situation, investing in gold
would be an ideal alternative to buying
dollars. the US currency is more volatile
,subject to all kinds of risks, because of
this, it cannot be a worthy competitor to
precious metals"
Said Russian Finance Minister Anton
Siluanov
Pasofino gold/ Ian Stalker gives a presentation
on Dugbe today at 8.40 pm GMT via red cloud
https://twitter.com/PasofinoGold/status/1499116095185297408?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
So I guess he will update on the very latest
Encouraging "assessment "of what happened/
will happen
http://news.abamako.com/h/267036.html
still think it weighs on this share
Spoon ,the grade of 1.79 for Q4 was an anomaly provided
they get the grade up into the low 2's again, I am personally
expecting around 23 000 oz. mined ,they have expenditure
of around $33 million a quarter given that
33 million divide 23 000 gives you an AISC of around
$1450 this is my best guess.
These are my own assumptions so who knows.
Pasofino gold up 14.29% to 0.80 cad
as of 21.13 GMT