Member Info for Playboy007

I would rather they just returned everything to shareholders from the remaining mine life. Which would be X2 return in two years and sold everything else and returned that too. I know they won't, but a X2 return in that timeframe would be great. I I don't want Douta.

Q4 26,000 ounces at $1600 USD margin for 41.6 million profit. With 100% ownership and no tax. Or over 30% of current MCAP as profit from one quarter. Not bad is it. I'd still like to see 80% returned as dividends from now on.

Well that would be amazing. Even if they did 80k at 1000 AISC I'd be happy.

I agree that Q4 should be good and dividends are hopefully on the cards soon. How are they going to pour 26k in a quarter though when Q2 was high grade and drawdown of gold in circuit, surely Q2 is their max output?

I am of the opinion that 19k ounces may be a little high for Q3. The three weeks processing stockpiles was probably near 1g per tonne. I would be surprised to see a couple of thousand less. Q4 should be great though.

It amazes me that it has held up this well tbh. I am surprised anyone is able to keep faith with the track record and facts as they are. It took me a while to be fair. I trusted Dan Betts, so I am clearly a terrible judge of character.

I hoping there will be dividends in 2025 too. Segun did mention they were thinking about it for around early 2025.

Guys I hate to break it to you, but relining the mill is just standard maintenance and should take a day or two max. It's just an excuse. They either don't know what the issue is, or they don't want to tell you.

Why will production be greater than 25k in Q4? I mist have missed something because to me it looks like they will fail to reach their revised 90k target. I am bullish regardless, but curious if I have missed something.

PDP is centre right and considered pro business, so you wouldn't have thought they would want to be seen hampering business and the countries investment case.

The mine is in a region controlled by the PDP and the current federal government is APC.

Nigeria operates a federal system of government, which means both the federal and state governments have powers, but in areas like natural resources, the federal government holds significant authority. In the case of mining, the Nigerian Minerals and Mining Act gives the federal government control over mineral resources. This means that while states can request taxes and environmental payments, the federal government has the power to regulate mining activities. So, a state may have limited ability to halt mining operations without federal backing.

For anyone that has finally had enough here... Thor has taken a big hot in recent days due to tax dispute. Looks overdone to me and have been adding all day. Might be worth a look for you guys. It's my plan to rebuild losses from here over there.

Awful imo. They totally ignored the what is Kouroussa doing now question. Dan really is an incompetent petulant child. What a shame the world we love in rewards people like him.

I am in for another 150,000. The number being argued over is insignificant. The company is making good money at the moment. Undervalued with near 100% upside imo.

It's interesting that Coris has the debt and roughly 50% equity via CIG. So it isn't in their interests to sell it off just to clear the debt at the expense of their equity. Normally, when the company is over the barrel like this I'd expect the lenders to screw the shareholders. I guess they will take full ownership into that vehicle they already set up. Wasn't there a clause somewhere that they have to pay at least their minimum purchase price for an offer though? Or can their subsidiary make a lower bid? I wouldn't buy it anyway because it's loss making and we don't even know what the problem is. Just curious about how and even if shareholders can get completely wiped out, which I am sure will be the Coris/CIG objective.

Nothing changes here then. I still think it's going bust. Maybe Dugbe sale temporarily keeps it going. Investing in this management team is like giving your money to a monkey for safe keeping. We all know the potential value, but this is a value trap. Take away lesson is that management matters. Dan and team have consistently disappointed to a staggering degree and they are less than forthright about the current state of affairs. Wake up and smell the coffee. This is never coming good.

I am surprised this hasn't gone higher on the Dugbe news. I didn't think it was worth anything. Although I guess POG has helped a lot. I still can't buy in because Dugbe might not happen. They may well still be making a loss. The balance sheet is in tatters. They potentially owe Corica a lot of money. Still if Dugbe goes through there is more time to sort out operational performance and imminent raise seems much less likely.

Get a job and stop trying to scam people.

I suggest you stop misleading. You might be caught and prosecuted one day.