Member Info for mizolgit

I survived the 80s very well.
Good night all.

Not hedged no debt self sustaining.
How many can say that.
Very few..
Future ventures similar.
The secret is control financially,of your venture,whether large
or small.
Debt is dangerous ,especially now with banks desperate to suck you in, cheap debt.
That can and will change .
Possibly to 15 to 20 % in a few years.
I remember from years ago, .
Including start ups.

If prices hold it will be far more evident H2.

Mick On 1/8/2018 0the SP was 1201 and hovered there only rising in December to 1280.
The profit therefore for H 1 should be considerably more, the extra margin, even with modest production noticeable ,
It will be very interesting to see the cynical markets reaction.
And possibly much higher au prices in tub he future.
Thanks Donald and his henchmen.
Yippee.

Spot, dream is all it is.
To regenociate Sukari would be the finish of cey.
Not possible.
Suicide.
The current a licence is till 2034.
For 160 km sq of which 157 is in law.,
But what now is available will at current extraction be more than sufficient.
Any new law with better terms will only apply to new licenses..
Not current.
A new license outside that area would mean a totally new mine and new processing plant .
As Sukaris plant has been paid for by the government including all machinery unless hired ,

It is simple economics.
If you are going through an area of lower grade,it is necessary to processes it .
Then it is removed and the plant still produces, albeit less ,rather than a total loss by removing and dumping.Fuel costs for that in one day are astronomic.With mo benefit.
To shut a plant down ,such as this is not possible ,it is right to process till you pass to higher grades.
As happened I 2018.

At least you are covering costs of clearing low grade.
Drilling gives a general idea of the geology,but yard by yard no.t total .
Gold there runs in seams,
Very labour intensive to follow.
As it has always been .
The open pit it is necessary to take pot luck knowing it is a High concentrate area.
Keeping the very expensive plant functioning.And covering costs at least.
Not pouring money in for minus return.
That s intelligent financial management.
In my past I have heard so many brag about turnover ,but at what profit, profit is king in all business .
Sorry if I bore you.
GLALTH

Mr Tibbles,
Although I appreciate your views, they are only your views.
Others see different.
Your negative views,as in the past over optimistic are just your view,overall this company ,their philosophy is not far of the mark.
New mines ,self sustaining.
Good whats wrong with that.
You have a budget perform.Or pull the plug.
That is strong management.
You do not see that often.
Life is learn from previous mistakes,.
We all have made them.
Yes Joseph is culpable ,for much.
But he is now just being tolerated ,with much lower esteem.
He is not important.
The future prospects are important.
So I wish you and Rebess well.
In your investment with Kinesis.

Cowichan, I agree with your sentiments ,too many negative sentiments by far on this BB recently.
I understand why but mining is not like mass production because mother nature is a fickle partner.

Cowichan Yousef is mine manager not chairman,and often misleading and vocal with the press ,like December 2018 gaff.
Many get mixed up as his name is so similar . Raghy not Raghby.

Hi flopticalcube,
Yes I remember you are based in Canada.
Its as I suspected ,what you said, but like you after many years here is not a big surprise.
The mine as it is has 30 years or more reserves,which most don't realise.
Once the rest is opened ,only another 160 sq km, with much more to follow ,but under the new terms with EMRA the price will likely be 10 fold or more.
One day people will wake up.
Trouble is I may be dead,lol.

er

I accept your view, is very possible.
There has to be some logical reason.
Unfortunately there is nothing to stop this gambling with other people money.
Which is close to fraud.
IMHO.

There have been no open short position since mid March.
More likely algos,
There is no real logic to the SP, in that.
The price does not seem to follow large buys or sells ,as a series of either affects equally.
That is not logical Captain Kirk.

Then take a wild guess where oro, and after time, cey are going to go.

Confirmed by movement o marine traffic.
Have a good weekend all. lol

A second one later, now the market will panic Monday.
Interesting times !!!!

Buenos noches

Very interesting, not. There some here that are morons ,but not all.
We know.

Wow, 5 trades today,all sells .
Its just about to blast off.
NOT. ;-)

Looking on the brighter side,if gold stays at an average of 1400$ the Extra profit will be in the region of 75,000,000$ before profit share.
Based on 500000 troy oz s.

Knocking on the door of 1400.
With buyers in US.