Member Info for GoldGeezer

It would seem that no one trusts the very clear short term target being stated. If one invests and it comes true the reward will be spectacular.

It’s not hard, they are more than doubling the pads and double shifts. Did 236 ounces in August before pad 4 was ready. It is now. Production will be rising now and significantly when 5 & 6 on line, which is very soon.

True but if they hit that target, the debt can be cleared extremely quickly so FCF can expand exploration

Jam in 3 months. Hard to mess that one up.

She looks guilty of upsetting the wrong people but nothing else is proven.

Possibly but the market is waiting to have confirmation that production is rising.

It’s best not to read too much into it. Fundamentals are unchanged, except the site development updates which are positive. No reason not to expect they’ll reach the 1000 ounce target by early next year, with an interim 650 ounce production update. Most of the sales have been related to the options price. Anything sold against this was banking profits. Once cleared the price will rise continuously. GLA

They’ve produced 225 ounces on average all year to June. I assume they’ve sold it. I’d like to know how the CLN for £2.4M will be negotiated in November, when it’s due.

What is NT

The frequent updates are extremely welcome, illustrating a significant change. Year to date production was reported to be averaging 225 ounces pm, in June. Really new would be the production in June, July and August. Steady growth would have a significant impact on the price.

Yes based on research, however, its possible I'm an idiot.

Earl

Its best not to trust mine, or other posters, opinions.

One of the share options performance targets is USD1,500 AISC, so it is currently higher. Its production target related to performance targets is 650 ounces per month.

With these to metrics in mind, you should be able to appreciated the early stages GRL are at.

The potential is huge. If production can ramp up as expected, they will be able to fund further exploration which should greatly increase the asset and more importantly the grade, that can be targeted for production.

If you dont have patience, move on.

Earl

Their objective is to increase production to 1,000 ounces a month. This is a challenge. There are significant costs associated with this, hence the gold in the ground is not valued like gold bars in a vault.

Are the multiple posts over the weekend and today working out well? Cant sell at 1.05p now. Bravo.

All credibility is lost when a message is posted six times in two days. How to have a point but become immediately pointless.

Wrong thread

I’m not sure you’ve read it. Very few “ifs”.

Perhaps we are both correct. £40k of purchases early today. Guys (& Girls) in the field investing??

Hi Jack,

Today’s trading looks more related to a production update leak!! I don’t suspect it, just tongue in cheek suggestion 🤭