Member Info for ogm4

The net proceeds of the Placing will be used predominantly to expediate the exploration, including a drilling programme, at the former underground mine at Akrokeri, formerly known as the Akrokeri Ashanti Mine Ltd (the "Akrokeri Mine"). 

.

Cheers

Gold nearly 2% up today!......

Wow!.....

Bring it on Goldstone!!!

Does anyone know on which platform I can trade FDBK shares please?

Thx in advance

Gold continuing to rise

1825 USD/oz now...

Hot commissioning should be completed I would say within 1-2 weeks, so anytime now!...

https://www.cnbc.com/2021/11/05/gold-markets-us-federal-reserve.html

1816 USD/oz

rising trend

Gold up +1.4% currently

Gold price up +1.3%

Blue this afternoon

As expected a gradual rise on the cards

Can you only imagine GRL pouring gold from maybe not one but two elution facilities?....

I'd say within 2 weeks from now.

The majority of commissioning work has been already completed as stated in the RNS yesterday.

https://spongeshare.com/2021/11/02/goldstone-surprise-market-with-elution-facility-in-final-phase-of-hot-commissioning-and-gold-pour-imminent/

We will visit $2,000-2,200 USD/oz levels soon with inflation prices currently continuously rising at least in the Western world.

Gas/energy prices rising going through the roof, construction material prices rising, supermarket prices rising, house prices going ballistic at some parts in Europe... big recession in the making, i.e. many returning to gold as safe haven over the next few years imo

Adjusting for the faster production ramp up and additional capex associated with an updated operating rate, we estimate the Company should generate ~$88mpa in EBITDA and ~$56mpa in FCF once full capacity is reached at the initial Homase South operation.

With a p/e ratio of say 5-10 this should be an absolute cash cow in the making.

5 kilo's loan payment this month, increasing to 8 kilo's in December