Just to check I'm not being thick here, is this RNS of a placing basically saying the placing is to repay the loan from YA that we only took out last month?
I'm assuming we're no longer going to draw the other 1.5 million they offered us either in that case?
Am I right in think Brockham ending early has freed up some money that can now be diverted to Balcombe so don't need the other 1.5 million?
To be honest I'm not that fussed about CAA/Portalegre as it to small really as it stands for much of a mine, unless Portuguese gold commands a premium like Welsh gold?
Regua I think is the really interesting one its seems to be very open with many veins accessible via adit. I'm surprised that they seem to think it will only add modest tonnage when compared to LP.
Similarly La Tarouca could be very exciting but more drilling required.
Be nice if they updated their website projects sections with a bit more detail as well as their presentations.
Hopefully these other projects will gain more traction once we have steady income from LP to fund exploration.
I find them pretty good at communication to be honest compared to a lot of companies. Maybe not RNS but thats expensive but they post a lot on twitter and update their presentation regularly. Their on vox, directors talk etc pretty regularly for chats on progress
Did I miss something. Everything's on schedule so down the share price goes.
Wonder why they didn't wait a day or so and let us know the road and pad were complete rather than 99%. Nice to be kept informed but seems a little overkill.
For those none accountants among us can someone please explain what is included in the ASIC.
There seems to be long list of what is not included so what is included. Its seems to have included the cost of fixing the pit wall, which you would hope be a one off cost but other one off cost clearly aren't like the ball mill.
So for thickies like me can someone explain the difference in laymens terms.
Seems a shame first rns in ages has so much about how they are going to reward themselves after such a bad end of year last year.
However if i read correctly they took no options for performance last year which is entirely correct as it was mess.
Looks pit wall work coming along and hopefully bridge will complete on time. Sounds like government covering that cost, which is good I thought we might have to contribute to expediate the process.
Sounds like production back up now and extra million cash this month due to increased pog will be welcome.
No mention of them being more talkative with investors is a shame as they are awful currently. Even just a company twitter like wres have would be nice, show us the mine we own.
Anyway we'll see how they go and next few months should hopefully bring some good news.
Maybe, I did notice the other layers on the diagrams. They look very thin on diagram but guess the pressure would be much higher down there. Has no one had a look previously, I assumed they'd been checked and discounted
Was the gas truck yesterday definitely delivering gas not collecting spent cylinders?
Does this gas lifting Process work gradually so flow increase gradually hencep intermittent tankers? I have no idea how this gas lift works does anyone have a good link to an explantion page or vid?
how long is the drill process expected to take do we have any estimates on timelines?
I'm hoping for the drill results to be in the quarterly update.
I agree with TBTT that I'm not expecting Q4 to have been good due to fixing the various problems, but if they have fixed them or at least the pit wall issue then hopefully we can get back to normality in the next quarter.
Good life extending drill results will be the big win here, imo, if they extend to 10 or 12 years hopefully.
Great news that the fine Chrome process seems to be working to plan, that could be a game changer on a industry level, and maybe can be used for alternative metals also.
Be nice if we could get some stats on what volumes this generates or what % difference it makes to recoveries.
Does anyone know how the chrome price is doing seems to have been a bit volatile of late
Nice pic on the twitosphere the other day in tbe eternal sunshine they seem to have down there. Nice to visibly see progress