The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Realistically the next RNS will be one of two things - 1) A licence has been granted for the transportation 2). The initial gold pour produced XXXoz of gold.
Question 1 - How long before the third party could process the elution process and give us gold photo's, perhaps not within a week ! I don't know how their production stacks up
Question 2 - Do I think GRL can produce an operational gold room in October ? my thoughts are not positive on past performance.
Sorry broke my not commenting on GRL timescales but I still hope to be surprised. Over to you now Golddd spin some happiness and opportunity.
Regardless of the licencing position or the gold room GRL should be able to move quickly through 1st & 2nd gold pours once one of the options becomes available given by now the stacking and leaching that should have provided them with a large volume in the pregnant liquer pond. Question - could we have 2 pours of 2,500 oz in 2021 ? or am I foolish ?
Wasa - Nothing wrong with the description.
Totdy - Take a look at the video - Detour Gold first gold pour. Feel the excitement of their whole team, noting the process plant and team size are completely different to GRL but you will see their gold room / plant in operation.
To be honest I was not liking Golddd's post either, but the last two since the "return of Golddd" have not be the same as before and I would say a daily shot of optimism with a bit of realism is better than no posts in the day. I cannot say how long the gold room will take and therefore have no idea of share price movements hence the statement of holding for 6 month then lets see where we are then. I am very disappointed with the board.
I've still believe this company will turn a very reasonable profit in the future but the following two statements from the recent RNS do not help me.
1. These issues unfortunately meant that the Company's target production of 25,000 ounces of gold for the first eight months of production has been delayed.
2. The Company is now accelerating its plans to complete its own elution facility on site, which we are endeavouring to complete in the shortest possible timeframe.
Why not say that the production target of 25000oz for 2021 will be missed and the production target for 2022 will be reduced due to the impact of the delays to the initial gold pour, but they will in the second half of 2022 attain the production throughput which would give an annual rate of 50000oz PA.
I understand the shortest possible timeframe but perhaps they could have produced a boundary timescale of Q4 2021 not the "when we are ready" approach.
I have put these shares on hold and forget for 6 months and see where they are then. I will however continue to read the board and i welcome the return of Golddd who at leasts gives us a read each day,
Wasa - Totally agree with the principle for adding, adding to the SIPP tomorrow and I will watch HZM decided what to do from there depending on share price. I have given up on estimating timescales here and with Goldstone.
Wasa - The company is poor at hitting milestones however the board are fighters and will get this company to a position of producing gold, producing profits, expanding resources but i feel like they are reactionary rather than proactive or visionary. I also took another chunk under 10p after the last communications blunder.
TD2 - Hmmn have to agree that never thought of grading St. Steel by NPI its always been chromium for me. going back to 1979 to 84 with martensitic, ferritic and austenitic spellings could be wrong but alway thought level of chrome decide the usage ie exhausts, cutlery grades of piping etc. Good find and todays learning. thanks
Wasa - You answered clearly. 2p divi would give me a lifestyle I can be happy with, but also a 35 % premium or more to the 2025 share price would also suffice. This is my retirement cornerstone.
Not a source of information I have used before and one I will ignore moving forward, not that I can say they are right or wrong but because I do not feel that charting on past performance and future potential indicators can take in to account the market reaction to the expansion of resources and mine life expected with GRL. This share has the ability to touch 30p within 3 years and also be paying good dividends if they choose. Just my opinion.
Wasa, given the number of "pessimistic" caveats in the two posts I cannot disagree with anything you wrote. Could you offer up a pessimistic date for when I will get an annual 2p dividend per share ? .
I was wondering whats the likelyhood of the company setting up "The Friday Photo" given we are so close to being a producer. Previously done this with EDF, setting up four set positions for the shots which week on week will show construction, Commissioning and production progress.
Don't want photo's of St Steel vessels being charged with carbon when the valves have't been fitted as this says to me someone is fudging something which maybe completely wrong.
Looking forward to something on Twitter tomorrow.
Golddd... Have no fear for me, my learning has been done and invested reasonable amounts with varying levels of risk since tadpole technology floated off at 65p. Last week was a mess created by the board but for every down there's and up and my holding increased by 25% so yet again the impatient lost out and the patient clean up.
For the record I agree with 20p on gold pour, I see after 2022 results in 2023 a potential 50p share if the 50,000oz P.A or more is maintained and the mine resource has increase. The big question is will I be bothered with GRL and HMZ each bringing my retirement forward by 15 weeks for each penny they put on, infact if they both hit 27p today :- ) I retire on £36k PA next August.
So don't worry for me as I'm not worried.I have mitigation plans for the curve balls for most things except a huge hike in the minerals tax which could hurt.
A good board on a share chat site that would be fantastic.
One that welcomes in newbies and advises location of reading materials so they can research their investment, hopefully they did some research first and not just responded to twits who say this is about to explode upwards in price.
One that can be constructive and discuss particle size of crushed material, concentrate and temp of the NaCN or spray rates per Sqm yes but not those who say 20p on Monday, Oh no that was yesterday !!.
One that even though there are different levels of knowledge, intelligence and motivation factors can be kind and considerate and accepting of others right to participate and not just inform then to move on because you feel challenge Golddd.
The board of directors messed up, they are reactive and not proactive but all the same trying to get a gold pour over the line we should not ignore the errors and they are numerous and large, we should not ignore what can be done with good communications as see in the last two working days.
Broker - Not wishing to seem negative but !!! Putting a commissioning engineers hat on I wonder why the Stainless Steel vessels on the left have the access / manway lids open and the other two St Steel vessels which also lack final pipe connections. The systems are designed to be closed loop recovery and should not be open.
The tank farm as I would call it is quite small in size but I'm sure the sizing will have been at full production + 25% redundancy so at least 90,000oz