Member Info for GoldGeezer

Agreed re the requirement to increase the price

Disagree re drop in price. The volume isn’t sufficient to indicate bad news leak. The drop is due to the fund raising offer price. It should be the base pending good or bad news.

I’m trusting the confidence of the institution that took it up.

Does anyone recall the plan wrt the GBP2.4M CLN due for redemption at the end of November. It’ll note be taken in stock as the conversion rate is 3.25p.

It’s lack of faith that the business has turned a corner.

Updates on production increases, revenue and debt servicing & repayment required.

At the current gold price and executive performance AISC target of USD1,250, the current MCAP will appear comical. The price reflects the recent horror show. Time to prove that’s history.

An uptick in volume and 1.05p offer price bounce. Maybe a production update is coming this week.

Bill, I disagree. They have a trial license, which exists to enable continuity of the mine development, during the course of the full license application process. The latter has stalled "no progress", as reported by the Chairman in May. They mentioned an alternative plan to secure a new trial license, with double the permitted ore extraction volume. I see a number of scenarios;

-Secure the full license - this would realize the full value of the asset and pave the way to significant growth. Coringa is a fantastic asset. A long highly profitable period would begin and rerate.

-Double the trial license size. This would enable their three year production targets to be realistic 60,000 ounces

-Renew the existing trial license when it expires - circa two years

-Fail to renew the trial license when it expires due to the full license process being an official rejection

-Have the existing trial license terminated, prior to its expiry date, due to the full license process being an official failure, brought to their attention by the application to double the trial license size. The latter might be viewed as a long term attempt to circumvent the full license criteria, including environmental and local issues.

Its telling that they are refocused on redeveloping Palito. Palito, alone, can not support the business with the existing grades.

Comments on my analysis are most welcome.

I’d totally agree if they had a license.

They don’t do this is a coin flip 150p or 5p

SRB has no license for Coringa. The price is too high at the moment. If it’s secured the price is way too low. Extremely high risk at this price.

Spot on my friend.

A drop to the share purchase price doesn’t represent the value. Lots of sales are made at any point above it to tie in a margin of safety / profit for the investor. The selling stops at this price, so as reliable as the drop, is the bounce.

Full permits in place. Please stop posting scare mongering.

The towns locations isn’t a logistical or technical issue. Please provide information to support your claim.

It’s a fantastic asset. If production at the historical grades commence, it’s a total game changer. Multi bagger.

Agreed. I see the existing mine the means to an end. When the old ones are restarted they could be mining 50,000 to 100,000 ounces.

Yes, the institutions make the money by being in the know. Bad PIs, mentioning no names, sell high and then begrudge an inevitable fund raise and miss the subsequent rally. The executives have made no money through this raise, indirectly. Now the funds are in place to facilitate the production increase, they’ll be rewarded with the performance related options. They need the price above 3p and they’ll have convinced the institutions how this will happen. It’s time to invest and sit back for 2-3 years.

It’s unlikely considering the dilution is only 8% and the potential FCF when they meet the short term production target. Don’t forget the executives have options at 3p

Would have*

If AIMS were going to take it private, it wouldn’t have while suspended

Wasa - the short term aim is AISC of USD1,250 and 650-1,000 ounces a month. If achieved the debt is VERY manageable with the substantial FCF, plus increased exploration.

Speculation unnecessary. Forward focus as the potential is exciting. 650 milestone, then 1000 ounces pm PLUS the huge potential of the exploration target.

Hard to say but a positive report on three months rising production would be ideal.

Agreed. I see no barriers to them achieving their objectives. In doing so the MCAP should be much higher.