Member Info for Lucky520

Gold rising well again today. Hopefully rise above the 1700 by week end.

I see your point Andrew, I am however still an optimist.
I'm relying on MMP NOT Colin to be on time and wanting to process this materials ASAP as gold price is extremely good at the moment.

Andrew, the contract States with a long stop date of October 1 and the recent RNS stated alluvials will be taken over by hard rock in the later part of the year if not sooner. For them to process the material the plant must be built and tuned in. I suspect we could see a delay by I still believe the plant will be built and processing by Oct 1 at the latest. That is unless they go on lockdown for 3 months?

I hope MMP have received delivery of the necessary equipment and materials before a lockdown might be put in place. Saying that, the plant is due to be up and running with 29,000 tones going through by July 1st.
So I assume the plant must be close to being ready and have at least started construction but who knows?
I don't think we would get an RNS stating the start of the build but I do think we would get one for the completion.

There has been 17 cases of coronavirus in Mozambique and yes it's having an effect on the world too! Just don't try using the coronavirus to try and boast your short position. P.o.s88

I read the agreement deal again today and it made me think, what I would do if I was MMP.
MMP are carrying all the cost's and the risk! They will be giving away 23% profit at current rates. So if they are carrying all the risk anyway, why not buy xtract out at a discount? They will save 23% of the profits as well as getting the license for a 15% discount. That's how I have read it, pleased to be corrected if someone more experienced knows. Also the option to buy the concession is only open for two years of which one has nearly passed.

It was probably you! Just to prove a point. Sad

Well it looked that way, I posted before the large trades showed up. Thanks for taking the time to point out the obvious. Lol D

Gold's on the up again. Must be hard if they are sorting out a deal to complete it with the way gold is bouncing around.

Good buys today. People starting to see the potential!
Large seller has gone by the looks of it!
All good today and hope this SP smashing news will come this week! Come on Colin!

The large seller has also seemed to have ran out.

Well they should be here in the next four weeks!?
Seems to have come around fast due to the incredibly late result prior. Rainy season is over by the sounds of it so 2nd quarter will be due on july along with the new production specified to start in July. Hard rock news to come and hopefully hard rock production to start somewhere between July and December.
All looks promising if he can finally deliver.

What is people's thoughts on cash/gold in the bank?

It's not going to move the SP. Just another set of drill results, you still need to get it out of the ground.
That's why it's not moved. It may have moved the SP if it was unexpected good news but it wasn't it was expected to be hard rock news and that's why it's been taken so badly.

There is only a couple weeks left of the rainy season on average. I suspect there will be more news to come shortly along with the hard rock news. I think this was a smoke screen due to not releasing the news expected. Maybe they are hammering out a deal with MMP which is the reason for the delay.

It will get hammered tomorrow unless they release the promised news!!
One day left of your timeline Mr bird, you best deliver.

I think we will as he gave such a short time deadline.
It would be ridiculous to give such a short time unless he has already been working on it. I hope he doesn't miss his own deadline as the SP will drop if he does. Not that it had much further to go lol

Only good thing is they seem to be getting hoovered up. Only two days left for the news to be released on time, Mon and Tues. Gold looking strong at the moment. Ive loaded up on the basis it can only be good or average news. Hope it's good as if it's average I assume this will drop as a lot of people including myself are thinking this could be a great RNs.

I also hope this persistent seller is nearly out of shares!
By my rough calculations, they have disposed of we 1% of the companies share in the last couple weeks.
I'm not on premium so can't find out when they started offloading these chunks.
Anyone on here have that info and the time to work out how much they have offloaded? Cheers

CE, either way I'm hoping we get an update on all fronts as to how we are progress on all projects.