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Well done with that purchase, you seem to have 'sparked' up some interest with others. I would imagine we'd get the FS first thing Monday prior to the noon Conf Call, nothing's definite but they did promise in April

Great post - I'm always forgetting to differentiate between resources and reserves and forgetting which is better as I consider myself more resourceful than reserved ! I must be more reserved ! Also NPV often gets banded about with companies but I've just looked that one up again too and how it's very useful to apply it at the project level : Net present value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows over a period of time. NPV is used in capital budgeting to analyze the profitability of a projected investment or project. I was instinctively thinking that unexpected update on Tuesday was released to mitigate the upcoming Feasibilty Study. It was a very upbeat and progressive update and it might well be attempting to try to keep the mood upbeat on what may be an underwhelming FS. I can't tune in to the 12 noon conf call on Monday, hope someone on here can. OLI - I've got Gold @ $1339 now slightly off the highs you mention

You're right about CAI, it did double from June to Sept '17, wasn't looking then. Seems to be stuck now though.

Thanks for reply and info. DR in his interview on 15/2/16 was really raving about the prospects of becoming a producer with 4 - 5 years life of mine. All up in smoke after it turned out unprofitable. Maybe the repercussions of that mining and the promises are still being felt? DR has been so confident and bemused by our sp for so long. He actually used the 'frustrating' term towards our sp that day but where have we gone since then - well down from the 1.4p level early '16. I'm convinced everything will smell like roses here one day, eg summer '19, but it remains very frustrating. The performance of CAI on the ASX has been as unimpressive. Have any Aussie minnow gold miners fared better? I know GGP are in our patch and have suffered post Newmont rumour. Anyone doing well?

Just wondered if any resident gurus can explain something. Watching back a few interviews and reading old RNS's, DR said at interview on 15/2/16 (ShareTalk interview) we'd have production in Q2 '16 with 25k oz 4 - 5 year life of mine. We did get some payments and production but was all this 'tribute' mining then abandoned as unprofitable? Most of DR's interviews since (**********) have usually been explaining the Calidus thing, the ASX listing and subsequent split. Am I right about all the previous production was abandoned and we've since in OZ just been trying to drill and expand our prospects? Still waiting on Togo of course

I can't understand your last sentence. Pretty sure the processing is totally different and probably therefore independent for the two different ores. We'll begin with just Phase 1 producing although developing Phase 2 in parallel. Initial production should settle at 100k oz pa but when Phase 2 comes on stream we should increase to 300 - 400k oz pa. Not sure how the life-of-mine is calculated, eg they say for Phase 2 "The currently defined resource of 5.4 million ounces of gold is capable of supporting at least a 7-8 year mine life at a production rate of 200,000-300,000 ounces of gold per year." Do I take it that 5.4m oz is not recoverable as 8 years @ 300k oz does not equal 5.4m oz. Similarly with Phase 1, we have currently defined 1.05m oz but then state this gives a 4-yr life-of-mine at 100k oz pa ?????

Feasibility studies - think you're right on it's just for Phase 1 the oxide resource. That means, oh no, another one in a year or two for the sulphide ! More Feasibility studies this company than you can shake a stick at !

Mickey - you've already wished everybody Good Luck. Could we kindly say Thanks and goodbye and no further need for your advice with our Coro

Anyone able to listen in on the call next Monday at noon? (I can't unless golf is rained off)

Seems a bit strange that they've issued this detailed update presumably just days before the Feasibility study comes out. For the oxide ore, phase 1 : "The Feasibility Study will be based on the currently estimated resource of 1.05 million ounces of gold, at a grade of 0.84 grammes per tonne ("g/t"), which represents only a small proportion of the identified strike length of Tulkubash mineralisation (2.0 kilometres out of 24.0 kilometres)." For the Sulphide, Phase 2 "The Kyzyltash Resource is currently estimated at 5.4 million ounces of gold at a grade of 3.75 g/t. Again, only a small proportion (3.0 kilometres out of 24.0 kilometres) of prospective strike length has been explored to date." I wonder if they are preparing us for the quite probably not-so-dramatic Feasibilty results, as they will be for much smaller possible resource than we are hoping to find eventually?????

Sensible thoughts, thanks. There are a lot of questions on various new holders intentions - I thought you were just scaremongering on a lot of pi's actions. With regards movement here first or Sound LE first, I think HERE is much more likely. They haven't got all this funding together to sit around in a bank for months. I expect announcement of an Indonesian acquisition within weeks

Can't see why you think SOU shareholders are going to mount a big selloff. Who, of all people, believe more in JP and all his vehicles than SOU LTH's ? I do for one. Lots of others. So, therefore, NO selloff from regular pi's. ------------------------------------- Got onto JP this morning about those Director Holdings RNS'd. He stated that "CIP Merchant Capital (the cornerstone investor of Coro) is listed on AIM and whilst Marco is a director he is not the owner. CIP (Sound�s cornerstone investor) is a private vehicle which he part owns hence the disclosure" So CIP Merchant Capital have their 150m shares that they paid for @ 4.38p when they recently invested in SRON/CORO and Marco/CIP have just their 12m free shares announced today care of the distribution to SOU holders. Now, if you're worried about SOU holder's, OGIF have just got 50m odd CORO shares from their SOU holding which should be rns'd soon at around 7.5%. What will that Moroccan investment fund want to do, that is a big question and it's not your regular pi's holdings we need to think about.

on everything Chaarat - see RNS

Not sure why this is showing Down 88% must be something from when there was a previously listed CORO company perhaps. Anyway, getting near to being above the proposed OO price to Buy @ 4.38p. If they'd just put the OO with warrants attached, I'm sure it would be taken up. Probably won't be an OO though IMO

That article is very similar to all the protests and trouble caused by Centerra with their Kumtor mine. We are trying very hard to keep all the locals happy and I think we're winning there, time will tell though when we start producing. Feasibility study should be released in the next few weeks and when the winter dies down we should seriously start moving.

Been trying to find the interview when DR stated the payout to shareholders without success. As you say, the shares are in escrow until June 2019 but think the idea IS to give money or CAI shares back to Aim KRS holders soon after that. Meanwhile it would be a great boost for us if CAI started picking up on ASX

Dave Reeves before he recently left said we'd get a payout for our Calidus shares probably around March 2019. Not sure how this 'payout' might occur, distribution to each of us a proportion of Calidus shares, or all Calidus sold off and a cash distribution. I believe that is coming next year. If the market wakes up down in Oz to the prospects of the Pilbara region, the CAI shares could take-off. currently though, when we get our last tranche of Calidus, they'll be worth �16m anyway to us. Not what about Togo ?

No, that missing �5m doesn't look good but don't think it's anything to worry about. Let's get that Feasibility study out there this month and then see whether they pick it up. As we know, a lot more capex money will be needed around early 2019

Centerra getting on well with the Kyrgyzstan govt at last, which bodes well for our mining : https://akipress.com/news:604585/

At the mtg, it was ratified the directors could still allocate shares for an OO which could still happen and after many calls to include warrants, this may still be a possibility but company will only go ahead if take-up looks likely as expensive process running OO. Qualifying for any OO will now include freebie shares to SOU holders. The new James JM seemed quite impressive and very-well connected and although we couldn't pin him down in the Far East, it looked very like Indonesia. Sara E. on a pre-agreed return home to the states for Easter. Lombard Orier - I did ask Andrew Dennan on the connection and he said that he had a good relationship with them from his previous position and that had influenced their take-up in the Placing to now stand at about 9% on Admission