Member Info for Magoo79

clearly the market does not trust the company. Until we get an update on production, revenues, cash in the bank, eventual need for additional financing, large investors will not commit. Let's hope this changes with the next quarterly update (next week?)

the chart looks good. If we close above 1 today next week we could go much higher.. Fingers crossed

@swamp there's no conspiracy here but it's pretty obvious that we have a large seller who has been dumping shares for weeks. Quite often in the morning, like today, when we opened at -8% and are now at par. Since the large holders are very few and some people have been awarded additional shares upon reaching certain milestones, it would be useful to know who they are, if and when they are finished and why they are actually selling.
I still hold quite a substantial n. of shares so I do ask myself certain questions..

RPdard, I don't agree. Nothing prevents them from informing the market that production has reached the milestone of consistent production at x oz/m. Even the previous quarterly update was quite vague on the actual gold production ("carbonated gold"). Not good

I am very frustrated. I keep seeing nice pictures of happy people and of equipment but we have no idea at all about production and revenues. Have they ever achieved the 1000 oz/m figure they promised? I start to think this is not the case otherwise they would have provided more updates.
Still heavily invested but very disappointed. I just hope we are not going lower than this

great news yesterday, POG up at $1944/oz and we keep going down. Usual SHG :(

good move. I did the same this morning

@davethehorse I agree with everything except that Q1 results may not be amazing in terms of production. I suspect we will be around or below 14k oz and the market may not like that. Hopefully together with the results they'll announce the start of the high grade rock mining (8 g/t if I remember well) which would lift production levels the second part of the year. I think we may have to suffer a few more weeks before it takes off. I am expecting a very strong rise in Q3-Q4. Time to accumulate and sit back

yeah, it's flying already!
Well, at least it's not going down, it's an improvement

we are approaching the all times low even with gold back over $1940. Something is not right, there must be a reason for the continuous selling pressure. The board should be doing something. I wrote to investors relations a few days ago and they did not even reply. Either there's something they are not telling us or clearly the communication strategy of the company is not working. The market just does no trust this company. Can't we have some transparent production and sales figures from the BoD? Still holding 2M+ shares but I am very disappointed

clearly someone is offloading. The question is whether they know something we don't know or they are simply frustrated by the lack of hard data (production figures, sales). Is it that difficult to issue an RNS saying that we have met or exceeded the 1000 oz/m target?

with a small investment they increased resources by 37% and that's only the beginning as we only have scratched the surface at WK. The potential is to start mining in 3y in a region that is likely to contain a multiple of the 1.6M oz identified so far. Unfortunately we are not going to drill at a very fast pace this year because of cash flow constraints but if production meets the targets and gold stays near or above $2000, we can easily see the SP double in a few months

hope you guys topped up in the meantime

shanta is going to fly from now on. Strap yourselves in

I bought some more, it's ridiculously cheap. My 2M shares are not going anywhere for a while. Once the big seller is done this will fly. Assays are due soon and in the meantime we keep producing gold which is now worth $2k/oz. Fill your boots until it's on a special offer!

great news! not only he was an ambassador but he's been also minister of mining. He can certainly open doors and foster connections in the region. Great addition to the team!

we are bouncing off the lower limit (ca. 8.5p) of a descending pattern that started when we reached the all time high. Hopefully we should now move towards the upper limit towards 13-14. Hopefully increased production, high POG and updated resources at WK should support this move. I have topped up today

things will change once all the drill data is used to compile a resource update sometime in March. POG is also going to stay high for quite some time

we bottomed yesterday. I topped up and I am now fully loaded for the ride to 2p

@gingerhippo, I agree, the numbers look still pretty good. Don't forget that we have also a large cash pile..
Yes, it's a bit disappointing to see that the revenues over the last 6 months have broken the trend but the company is well run, profitable and will keep paying good dividends for the foreseeable future. It's a great long term investment. I bought loads at 30p and sold 2/3 at 120p, now i am letting my remaining shares run