Member Info for Playboy007

Pump and dump nonsense in my opinion. Successful one at that. We will see soon enough.

Where is the confirmation then? All I see is a twitter rumour

I am surprised not to see the raise RNS. Maybe I was wrong.

I like the Freudian slip there "same person".

I would be careful about celebrating too early. It's the raise RNS tomorrow.

It doesn't sound like good news to me. The implicit message is that they need more money.

There's no need to be facetious. Just filter people if you don't want to hear it. I don't think anyone has been here as long as me now. I know this company pretty well and I am a geologist. I expect the reason you hate hearing negative views is because you know they are justified. You probably have too much money on this and the stress is making you lash out. If that is the case I would evaluate the level of risk you are prepared to take and adjust accordingly. We are all guilty of behaving poorly on the internet at times due to the low level of accountability. Let's try and be adults and share research and opinions without insults.

Only twice, lucky you. I am on double digits!

There definitely are derampers trying there luck on board, but I am afraid I am not one of them. I was in here when Yanfolila was just an idea. I've followed it for years and have the losses to prove it. It was very hard and painful to sell up and crystallise losses. You are on another planet of you can't see the writing on the wall here. I have seen the die hards on other shares, like Hzm and Sirius. I am in Thor explorations, which is still risky, but I think a much better proposition that this. I think this is going under and can't ever see myself buying back in under any circumstances. I hope you don't have more in than you can afford to lose.

Kouroussa has been just about to ramp up for over a year. If you listen carefully he says, ramped up by Q3 Weill certainly by end of Q4. My interpretation, he hasn't got a clue. He also mentions that the plant needs a blend of hard rock and oxide, but as we know the artisanal mining stripped the oxide. So unless they find some oxide it will never fully ramp up.

People just don't want to hear it unfortunately. I understand how painful it is as I lost a lot on this. I've watched the interview and it's worse than I thought. I maintain that this is going under. They are clearly going to try a raise. I expect 2p within a week.

If the market thinks that update is fine I'll short it. You guys really have your head in the sand imo.

We will see. I'll put it another way for now then. I wouldn't buy these at any price.

They are consistent at least. So glad I wasn't tempted to get back in. This is going under.

I hope you guys get a good update. God knows anyone that has weathered this deserves it. I wish I could buy in and believe, but alas Dan has burnt me too many times. A good update followed by a raise the next day wouldn't even surprise me.

I've been waiting a while for a rerate here now. Personally, I'd love to see the majority of profits pledged to a dividend as that could, barring any mishaps, guarantee a good return on my investment over the next few years.

We will find out soon enough what the score is when they release results. I don't have the belief to buy in, but surely they have commercial production at Kouroussa by now. I might have missed it but we also need to hear about underground at Yanfolila. I think the balance sheet here will be in absolute tatters. When we see some real steady state numbers from the two mines, combined with total debt and payables, we can start to calculate a valuation. My advice would be watch out for outstanding payables on the balance sheet in excess to net debt, because that was in the 10s of millions after Yanfolia build and caught me by surprise. It also wasn't mentioned until a year or so after the build. There is also the issue with Corica, which whilst seemingly resolved, is an unknown cost. As presumably they haven't gone back to work for nothing.

Commercial production leaked surely

Their balance sheet will be in tatters. If they do reach commercial production then it'll take years to pay down. That's assuming they don't mess up again, which would be against president. No dividends and x10 is coming here. You could argue for triple if everything goes to plan. Still not worth the risk for me.

Great posts Guvvi. Couldn't agree more.