RE: Big Dumps today12 May 2023 13:04
Why post something so factually incorrect just to troll?
The only ramping i can see was scouting and to be fair there was no timeframe, you only need to do the maths $69million remaining of debt lets say conservatively barring any catastrophes $15million per quarter paid down by Q4 this year leaving approx $24 million, there's no reason why this won't be 5p by year end.
As for the exploration point you keep referring too suggest to take a look at the company website/rns/webinar's/presentations
• Significant known exploration upside. To date very little resources have been
allocated to any exploration
• Brownfields exploration focused on the Bitang/Balcony area to the north of
current operations
• This area was previously occupied by artisanal miners and was not accessible
until recently
• Potential to increase resource/reserve in this area, north, west and east of
current Stage 5 pit boundary
• Geophysical survey recently completed to aid in drill target definition
Completed Electrical Resistivity Tomography and Induced
Polarization Surveys along 5 lines to the north of current
workings
• Tunnels, 3 prominent faults and some other highly conductive
drill targets identified within the previous artisanal miners
area.
In terms of drilling capex you are talking around £3-5million for exploratory cores around the pit area so why do you think they will not have enough money - at present course the mine still has 3 years remaining?
As for the big dumps with 12 secs between the trade looks more likely it was a bed and isa as the price didn't budge, and seriously can you see gold sustaining any large fall in the current macro environment.
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