Member Info for Magoo79

great job by Mark and the team. The presentation shows clear timelines for the second part of this year which seems to be very busy. Lots of drilling which hopefully can deliver some positive news. Hopefully we'll get some update from India as well. Not expecting the issue to be sorted soon but if we get into a JV with someone with deep pocket we may be able to force the authorities to come to an agreement. I've just topped up

We finally bounced from the bottom of the descending channel. With some good news and if the seller has gone we should be back to 1p very soon. Expect some resistance there though

took advantage of the pull back to open a position here. If it dips further i'll add some more. The risk/reward is very favourable

recovery should be 90% max given the grades. I also did the math and came to similar figures but if it is true that we are around the 1000 oz/month level, excluding the HL, why not spell that out in the RNS?
Most companies are explicit about actual production values (and revenues). In Q4 they even used the "gold on carbon" expression, which only confuses the reader.

On the plus side, we got rid of JB. The more I know about him, the happier I am that he's gone

@m_night indeed. I have accumulated nearly 2M shares but I feel like an idiot. It's always more jam tomorrow but the reality is that they promised to hit 1000 oz/month by the end of 2021. We got 1000 oz in a quarter. By now we should be on a "sustained production over 1000 oz/month" but we sold 1200 in 3 months. That's barely $2M in revenues.
I like the heap leach pads story, the nairobi listing, the drilling results, the way Robbie comes across, but production is nowhere near where it should be at this stage if we want to achieve 2k oz / month. On the positive side, we are moving ahead and things should get better from now on. Just a bit worried about finances. We may need a cash injection sooner than I expected

where is it??? no doubt the market is not trusting this company. I have a significant holding but I am fed up with the lack of hard data being presented to investors

@dave the SP is moving in a diagonal channel with strong resistance expected around 13p. If the POG moves a bit towards 2k we can get there soon...

looks like nobody cares any more. It would be good if Mark went out there with some upbeat interview presenting the next expected milestones as I suspect there are a few announcements on the way..
The past has shown that with a good RNS and a couple of interviews the SP can move up very rapidly. I am certainly not selling

@costa I suspect many will have the same doubts you have, hence the SP performance. On paper we are much undervalued but until we get the Q1 results, showing that we have consistently exceeded the 1k oz / month target and are moving towards the 2k target planned for EOY, many investors will be skeptical. Hopefully it's only a matter of days.

great news and good to see the SP moving up. Just wondering of the grades compare with those of companies that are focused on REE. Anyone knows?

great results today. The company is so undervalued, it does not make sense. We are valued at P/E ratio of ca. 2 if you look discount the cash we have in the bank. Ridiculous as this is a company that has been delivering for years and pays a good dividend. In terms of SP, we are hitting some resistance around 96, where the 50 days and 200 days MA meet. Past that we could be flying.

Robbie McRae bought 4M shares (ca. £40k). Great news

@polly according to the last two operational RNSs, the company was in "advanced discussions" to secure a rig but given the current situation (covid, war, logistic issues) and the narrow time window (we need to drill before the end of the dry season), it's not a given that we will manage to drill in 2022. It would give investors a huge confidence if they new that we are definitely going ahead and we have a start date pencilled in.
Either DM is, again, victim of his own exuberance and spilled the beans before releasing a RNS or he's talking BS. I prefer the first option as I am heavily invested

Erin just confirmed during the investor meet company webinar that it will be paid

@ontarget correct. I think the hope there was to communicate the poor Q1 production results together with the announcement of the start of mining off the high grade crown to sweeten the pill. From then on we can only go up in production, revenues and share price.. Top up opportunity for me

it should bounce from the trend line. 28-29p is likely to be a strong support

@APR
thanks for the good analysis. The market bought the story and the hype until 3 months ago or so. Your projections are very sensible and, if all the targets are met, the company is massively undervalued. And that's why I am invested.
However, if we are still below 1p it means that lots of investors are waiting to see the figures I mentioned before buying. Or do you have a better explanation for the SP performance despite the POG and the potentially exciting news flow to come? I was hoping that with the departure of a controversial director like JB things would improve..

I have just added at 30 but it looks like this support may not hold. The next support, IMHO, is a very solid trend line at around 28-28.5. It should bounce strongly from there

buddy5 what's the point of your shallow and patronising comment? I read the PFS and I am happy to hold. If you are not you can share your views then sell or short, if you are brave enough. Thankfully there's the filter button in here so I won't be reading your carp from now on

about the SP value today. I am a long term investor and the PFS demonstrates that this company is worth much more than the current market cap. I am not selling any of my shares until there's an offer on the table. And if we go again below 30p I am going to add more. Time to let the CEO and the company to deliver, just sit back and wait