Member Info for Guvvi

If i have lots of debt to pay within a month but i need more time to pay it and someone changes 1 month to 12 months is that not giving me a huge amount of relief to make the payment especially when i believe my earnings are going to go up sharply in that period?

I'm not ramping or making stuff up i'm stating the obvious in plain and basic english.

TBF a huge finance restructure gives them massive leeway as you put it but we'll see what the terms are too i guess.

Id like to be honest thought Dragon i've had the response you've had twice before over the last 12 months. Seems they don't tend to actually do anything much we ask for which is a shame as it's simple and straightforward. What do we know eh?

Hoping that at group level the ounces start picking up which looking at the Kouroussa numbers should be possible. Don't forget Yan has been revised now and that revision is given halfway through the next quarter so you'd like to think they are pretty accurate. so 25,000 very very minimum.

I think it's very important that we get the re-finance sorted too. I'd like to see more regular updates from management given how crucial the operations are. I cannot see why they can't have a period of monthly production updates given how important these are for a business that needs ounces out of the ground and confidence among investors.

Can i what an investor relations manager probably does? And his visit was around middle of July by the looks of it.

I'm hoping that the short term refinance gets sorted and that q3 really is a 25,000 ounce or more month.

Exactly Bushy. Looking forward this actually looks ok and i've not thought this for a while. In the rear view mirror it looks bad but i've never seen it look ok looking forward and we are now 5/6 weeks through q3.

Lets say that they got their new forecast for Yan right ( it was spot on last year ). That's 18,000 per quarter roughly left for the year at the lower end ( 65,000 ). Is Kouroussa now minimum 5,000 ounces a month or 15,000 a quarter? That's 32,000 per quarter.

It's not going under Playboy lol. There isn't really a lot of news in there we expected Yanfolila might produce less and Kouroussa actually produced 5,000 ounces in July? Dare i say it it's looking good for the second half. Be great if they can defer some of the debt too on different terms.

I agree with Playboy i'd be surprised by nothing at all tomorrow. I wouldn't be surprised if they delayed it because of good or bad news. It's impossible to read when DB often comes on youtube saying everything is good and he doesn't understand the price of shares then 3 weeks later says we need more money.

However im thinking almost any combined ounces from both mines now at these prices must be pretty good news worst case. It's also a pretty update quite a few things have been promised as topic might just be that they needed a bit more time to be accurate about a few things.

I've no idea - roll on tomorrow. I've booked the afternoon off work to play golf either way just in case :)

Ben they're literally promising a full quarterly update along with more accurate forecasts for the year within a week.

You must be a nightmare on Christmas Eve.

Yeah it's normally right at the end of the month i'm not surprised. Nothing new in the below, q3 is what they've said for the last couple of months. Just waiting to see how the business looks at whatever numbers they're doing combined with gold where it is.

Absolutely. If the next results and the ones after that impress as we all hope it could re rate a load in a short time. The gold is worth a lot, just need these guys to mine it for 12 months without too many issues. Fingers crossed.

I'm still a holder here so if you want my advice after 3 years when gold went up or down i'd pay no attention whatsoever to buying today. It'll might just as easily sell off on monday and tuesday or go up again then down again etc etc.

All we need worry about is the end of month quarterly results and then the next quarterly results...

Hah no worries - i got excited !

What leak ??

Thanks yeah that makes sense.

Again i'm just trying to work out the basket price for us so a moving average including March isn't much good to us. April - June is almost up so starting to have a think about production/profits etc.

I accept a moving average is fun but when our accounting quarters run Jan-March and then April-June it's not giving us all any insight into an expected basket price for the next accounting period.

I was just starting to think about our basket price in the latest quarter April-June for sales. Not even sure which one of you is right now given the abuse but i appreciate the energy you've both put in to get to the bottom of any answer to my question.

Thanks.

Anyone know what the likely gold price is going to be for the quarter about the end? Not sure how to track this.