Member Info for PaulJ8520

Ghana's annual consumer inflation fell to 11.5% in August 2025, a new low since October 2021, extending its downward trend for the eighth month. The cedi saw strength from rising commodity prices, supporting Ghana’s declining inflation, but some signs of weakness have recently emerged. Food inflation cooled down to 14.8% in August from 15.1% a month earlier, while non-food price growth eased to 8.7% from 9.5%. On a monthly basis, the CPI decreased by 1.3% in August, after a 0.7% rise in the previous month. source: Ghana Statistical Service

“I have no intentions behind getting the true position of the company out into the public domain”...

I simply don’t share your view here if it is a negative outlook since you have, according to previous posts, already urged others to report matters to the FCA and Nomad. Your behaviour as reported by Corrumpo yesterday at the meeting would suggest that you do want the position of the company out in the public domain. Your statement saying you will post the information you will provide to the FCA is another indicator that you want the public to be aware of. It simply doesn’t add up that you want to protect the company whilst also trying to destroy them… who are you really?

“They are trying to cover up the 12 million gbp of shareholder value they have destroyed here by deliberately withholding the truth from shareholders the 1.6 p offer should have been disclosed”… this statement is also evidence of trying to get the true position of the company into the public domain. Therefore, the statement of having no intentions behind getting the true position of the company are evidentially (in my view) untrue.

"Them"... are you willing to share who they are.

Are you willing to call an EGM to replace Emma?

Are AIMS in bed with the said "them" or have they been duped also?

I note they didn't give Angela the customary thanks for the hard work and all the best for the future.

"Emma Priestley's position looks in threat" - she should be ousted in my view. As you say she didn't release the offer for the company which means she didn't comply with AIM rules. She lied (in my view) regarding pit 1 saying they were mining oar at 1.0 - 1.2 g/t.

She has to go.

Ghana's annual consumer inflation fell further to 12.1% in July 2025, the lowest since October 2021, extending its downward trend for the seventh month. The cedi’s ongoing resilience, fueled by rising gold and cocoa prices, played a central role. Food inflation decelerated to 15.1% in July from 16.3% a month earlier and non-food price growth eased to 9.5% from 11.4% the month before. On a monthly basis, the CPI rose by 0.7%, after a 1.2% decrease in the prior month. source: Ghana Statistical Service

HarChris, I do appreciate your posts but... on this occasion I do not share this view: "If there is a massive seller then without doubt there is a massive buyer or two, too."

This is not how the exchange works.

"There was/is a seller in the background over the last few months"... there certainly is and they've sold over 22% of the company now. Makes me think this is forward selling as only AIMS have more and their recent top-up could be part of this placing.

Just my thoughts only, I have no information to indicate this is what is happening.

More good news... "Ghana's annual consumer inflation eased for the 6th month in a row, hitting 13.7% in June 2025, the lowest level since December 2021, mainly due to the cedi's ongoing strength. Food inflation moderated further to 16.3% from 22.8% in May, while non-food price growth also cooled down to 11.4% from 14.4% the month before. source: Ghana Statistical Service"

They haven't achieved 48,000 tonnes of ore per month at 1g/t to pour stage yet. They said that the ore grade from pit two was less than expected hence why they didn't achieve 1000 oz dore from January. However, what is interesting is that they have a lab which identifies ore grade in advance, so they would have known what the expected grades were going to be. But instead of letting the market know of the expected ore grades at the time they became aware, at least at the time of stacking (November/December), they didn't inform the market until after the gold pour announcement in February, even thought they released RNS's in between.

That said... they have now said that stacking of 48,000 tonnes has occurred from Pit one since April. We know that their heap leach operation is about 60 days. The recovery rate from the previous pit was 65% with 82% gold, so if we are to assume things will remain the same from this pit then we are expecting at least 821 pure gold troy oz giving revenue of $2,712,084 from the June gold pour... very profitable!

My 2p worth...

"Preparatory work for the expansion of Pit 1 continued in H1 2025, with the pushback of the benches to allow access to the ore. Mining operations recommenced in April 2024, and average grades are 1-1.2 g/t, which with increased stacking and the continued improvement in leach kinetic rates is expected to facilitate the achievement of our production target over the coming months, H2 2025."

So that's a minimum of 821 troy oz of pure gold being poured this month??? I expect it to be 770 oz reported but 707 actual.

"The civil engineering work continues for the construction of Cells 6 and 7 and we should be in a position to provide an update on this work in the coming weeks."

They started August 2024.. what's going on, it shouldn't take that long!

"The warrants held by BGL to subscribe for up to 60,000,000 Ordinary Shares at a price of 4 pence per share, exercisable at any time until 26 January 2025, have lapsed."

I thought it was 3.25p???

Overall, as expected but hopefully they deliver on their optimistic view of reaching their target in H2.

Except it was a sell on the 20th of June, how many more shares has this seller got??? by estimation, they've gone through over 18%.

Welcome back GG, yes the worried well have been out in force while you've been away.

Https://yen.com.gh/politics/285462-fitch-upgrades-ghanas-credit-rating-b-stable-outlook/

I wonder if I have ever read so much tosh. The worried well out in force. The only thing talking you out of this share is yourselves. There is no information available about the CURRENT state of this company that would raise concerns. Its a working gold mine with all the production facilities producing gold at very good prices. It is ramping up production throughout the year and there has been significant land clearance over the last couple of months to demonstrate the operation is expanding and that the company has the cash to achieve this. What on earth is all this negativity about, crazy in my view. The worried well doing their thing I suppose.

Ghana's annual consumer inflation moderated for the fifth month to 18.4% in May 2025, reaching the lowest point since February 2022, mainly supported by a stronger currency. Ghana, the largest gold producer in Africa, has seen its currency, the cedi, appreciate by over 30% this year, making it the world’s top-performing currency, buoyed by a surge in gold prices. Price growth slowed for both food (22.8% vs 25% in April) and non-food products (14.4% vs 17.9%). On a monthly basis, consumer prices rose by 0.7% in May. source: Ghana Statistical Service

Good spot, I missed that Jaczar, still, a much needed, I expect, $1.366M

Thanks Panman... Another $1.49M in the bank then

Disclosure of miscellaneous information

17. An AIM company must issue notification without delay of: — any relevant changes to any significant shareholders, disclosing, insofar as it has such information

All speculation and nothing to back it up...

AIM Rules for companies:

General disclosure of price sensitive information

11. An AIM company must issue notification without delay of any new developments which

are not public knowledge which, if made public, would be likely to lead to a significant

movement in the price of its AIM securities. By way of example, this may include matters

concerning a change in:

— its financial condition;

— its sphere of activity;

— the performance of its business; or

— its expectation of its performance.