George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
This part from the release in the link talks about 2012 as below. Didn’t they purchase Ampella in 2014 - is this the same permits
Acquisition Highlights
The 3 prospects, consisting of approximately 17,879 hectares, are located in one contiguous permit in the productive Precambrian greenstone terrane of Burkina Faso. Up to 2012, extensive diamond drilling, reverse circulation drilling, trenching, air core and auger work totaling 387,000 meters have been completed with a total of 294,000 samples taken. The three prospective open pit historical resource targets include:
Yes that is true but if they are as confident as what MH is implying why not do both with production being forecast to increase - cash flow increases so surely they could seriously consider this or are we just going to see the can kicked further down the road
Have people possibly considered we have a new board and team and they are low balling to then be able to say we have Q on Q improvement. Take a closer look at the new Chairman and his less than perfect track record. Maybe the execs are more muppets and we have another chairman running the show for his personal gain !!!
I don’t know but this continued destruction is not good for any of us.
The way Capital is performing compared to Centamin I can see Capital shareholders being very happy and Centamin shareholders unhappy and the distinct possibility of the Capital share price being higher than Centamin.
https://twitter.com/_CapitalLimited/status/1388011981039280128
Toronto — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced that Moody’s Investors Service (“Moody’s”) has upgraded the senior unsecured ratings of Barrick and all rated subsidiaries to Baa1 from Baa2, with a Stable outlook.
In a news release announcing the upgrade, Moody’s noted that Barrick’s liquidity is excellent, which provides significant flexibility to maneuver through gold price volatility.
Senior executive vice-president and chief financial officer Graham Shuttleworth said “this upgrade reflects the significant progress that Barrick has made in strengthening our balance sheet since the merger with Randgold. The improvements that we’ve made to our operations combined with increased gold prices have led to the generation of strong operating and free cash flows, enhanced liquidity, and a reduction in net debt, and we expect to continue to build on these achievements going forward.”
I have one question re Mr Gerard and I may possibly be incorrect but was he not meant to use part of his significant cash bonus to purchase CEY - shares - was this recent purchase just that using the opportunity with a low share price?
Mr Hogan needs to address this and should in fact bring in his own CFO and team rather than relying on the last of the old guard who where well past the use by date for the company to enter the next phase