RE: Results RNS1 May 2020 09:29
Yep, expected.
Super encouraging going forward:
While the Directors understand that the Company’s share performance faced headwinds due to delayed funding, the current valuation is considered to be an under-estimate of the fundamental value of the business. The Directors believe that the share price is at an inflection point and should progressively start reflecting improvement in fundamentals. The Company has secured adequate financing to expand production, with the first batch of equipment deliveries already translating into increased production. More equipment is expected later in the year, which should expand production further. The gold price steadily increased in 2019 reaching US$1,500oz towards the end of the year. This positive momentum is being currently maintained during the COVID-19 crisis.
Buy and hold folks!!