Member Info for GoldGeezer

If you are new to this stock you may not be aware aware that they have failed to secure a license for their main producing mine. The trial license ends in Jan 2027.

This topic is taboo, despite it being an existential risk to the company.

What’s the point you make here?

They’ve extended their temporary trial license.

The full one is required by late 2026 but progress has halted since May 2024.

There total expenses for the six months of 2024 were 4M, so 665k.

This includes significant credit costs, which have halved.

December revenue will be circa 1M.

Try to back up your comments, or it’ll be assumed you don’t know what you are talking about.

Revenue to ramp up to 2M a month over the next several weeks.

They have some gold loans with one of the major backers AIMSL in Malaysia.

They are very supportive and focused on the long term value of their holdings, not the early repayment of the loans. Having said they, they should be reduced or cleared in 2025.

48,000 tonnes pm at 1.1 g / t and 65% recovery rate is 1200 ounces.

2.5 g / t = 2727 ounce pm. These are possible grades

13% month on month increase, following a 34% rise.

Impressive.

December is a 66.4% rise over the Oct year to date average.

🤭 …… I thought is was debt!!!

Looks like an old image. More pads now …. I hope!!!

What does your message mean?

When …. you mean if.

If they don’t the shaft will be concreted over.

GLA

Debt is reduced to 6M, most of which is gold loans.

Updates early in Nov and early Dec, so communications have been good. No reason not to expect Dec production news soon and Jan, early in Feb.

It’ll be in the top movers when the Jan production figures come out. Jan target reiterated in December. I’m unaware of a civil war, earth quake and it’s the dry season, so no reason not to deliver.

My understanding is different in many ways. The 2p options are immediately exercisable. This is 50% of the 56M. It’s a small dilution of 3%, however, 2p is the exercise price, i.e. they have the option to buy them at 2p. They’ll not do this until the price is above 2p. They can buy for much cheaper today. Also if they buy at 2p, when the price is 2p the cash purchase means relatively nothing in terms of dilution at that instant. They aren’t given away. Imagine the indicated confidence the executives have if the ASIC is below USD1,500 and production above 650, so they buy in at 2p, 2.5p and 3p.

Nice start. The price is very wrong, so all eyes on the next production update. Should be 33 ounces today.

6-8p by this time 2025, I predict

£7.5k trades. Hardly the case re insiders buying or selling!

12 kg is 420 ounces

Where was that link

Agreed

What do you consider are the greatest risks? They’ve reiterated 1000 ounces in January AGAIN as recently as the 9th December. 3 weeks ahead. They are obviously the ramp up is very straight forward with labour, machines, pads, ore blah blah