Member Info for Greg25

Very Exciting News Coming Here 3p by Xmas!

You'll See

5p will be next year now & 10p by next Xmas.

Exploration is going to push to 3p by this Xmas!

You'll see ;)

It's coming home!

You'll see ;)

So the plan is to raise funds for CAPEX through forward selling gold. That's really interesting and non-dilutive!

Next year they're estimated to produce around $40m worth of gold and I'd guess 25% would be forward sold, so I think we'll be looking at a cash injection of upto $10m

There's no dilutive options available at this time only non dilutive through debt is available.

I never said they sold any gold just said what they produced with a round-a-bout profit figure/costs figures as an example to see they must have limited funds going forward.

Non dilutive funding is inevitable now!

746oz gold produced from yesterday's RNS for Q2
746 X $500 = $373k profit.

Exploration costs $300k per month

Originally $1.75m in bank in June.

$1m paid for Nyakafuru end of July.

June/July/August exploration costs $900k

They can't cover the current exploration costs for September IMO

Not a bad update still feel there's plenty more to come!
As expected the production would be lower you just can't go by grades to make figures work.

Going by the June presentation, 2 plants will be fully operational in Q3 July/September and 2 plants will be fully operational in Q4 October/December. So in the meantime the expansion work should be taking place.

It's the end of the year we'll be fully operational producing 2Koz per month from January 2023 IMO

I'm not expecting much from the Q2 results but I am from the exploration side.

I worked out from the tweet/chart /presentation that they are forecasting 2Koz per month from January 2023 and they have also forecast July -December 20222 at 533oz per month

Bebo - Agree there was nothing really to clarify there as the dates were clearly shown.

There was a little pointer towards regional exploration that should already be in the public domain by my reckoning. and the same with Nyakafuru.

It's 24Koz from January 2023 and the different plants expansion work completetions are predicted to be in July , September, October and December going by the June presentation. Expecting the production rates to be all over the place as the work is being carried out.

Massive news looking close now!

I don't see why people are getting hung up on everything, the company looks to me like they're working really hard, their ambitions are to become a major player in East Africa so let them get on with it whilst we relax and enjoy the weather.

It's only those short term trader's who sells on every little rise that will be crying into their cornflakes when they look back and wish they had the belief to hold.

I don't know what people are worried about this is an investors share and all investors will do extremely well.

Traders on the other hand they should be stressing on which way to go right now :)))

OOSM- no I think your not seeing the wood for the trees.

They only have 2 rigs and they sell gold dore once a month.

They release quarterly results and before the end of the last month in the quarter they'll already have the previous two months worth of data.

So it's a reasonable assumption to calculate and release the quarterly update a month after the quarter ended. As the majority of companies do.

Now there's several things to consider.

They released an incomplete MRE that's main focus was to increase to the higher level of confidence of the resource.

Batch 3 results were not included and they are probably on batch 4 or 5 now.

We know from their most recent presentation that they are predicting themselves 533oz per month production which would barely cover the current exploration costs.

They had to pay $1m for Nyakafuru by the end of July and RM suggested they had $1 75m in cash the month before.

It doesn't look to me like the company has enough cash/revenue to complete the expansion program additional exploration in Tanzania and continue with current exploration.

The company cannot print any more shares currently and has virtually zero debt at a time when they need money to see the job through.

The tea leaves are predicting a chain reaction of events and the MRE, exploration, expansion, quarterly results are all connectting to a large non-dilutive capital investment coming.

Looking forward to seeing it all unfold and next year will be even better.

Anytime it could of came out last week when loads of other companies did. There should be loading the next quarterly as we never did get the batch 3 results surely they must be on batch 4 now

Predator 7, you'd think the company would share they've bought Nyakafuru now with their $1m cash payment by the end of July , so there's more to come as it's linked to a much bigger picture IMO

Think today's RNS was just putting things in order. There's loads of news mounting up and we're in for the journey to 5p by the end of the year!

Dmors Robbie no show because there's big news coming and he's no longer courting financial investment. IMO