Member Info for Punter64

The poor chap still can't grasp that the worst rainy season for years has severely impacted production as well as a mill relining. He will learn shortly what it all means...................

Head ramper BPat's faith in this company's projections really is quite endearing!

Let us remind ourselves of the true worth of their projections with a snippet from the RNS dated 9th June 2023:

'Kouroussa Gold Mine operational updates:

· First gold pour was successfully poured at Kouroussa on 08 June 2023.

· Mining continues in preparation for name plate production expected during H2-2023, with a ROM pad stockpile currently of 120,000 tonnes available for on-going commissioning and ramp-up.'

Now the reality - name plate production is now forecast for some time in 2025!!! Only more than a year wrong. hahahahahahahhahhahhaaaaaaa!

I have a bottle of Bollinger in the fridge ready to crack open when the Q3 results bombshell is dropped in the next couple of weeks.

Oh dear, BPat still hasn't grasped that the rainy season was the worst for years and that the pit has only just dried out (head firmly in the sand). 4800 oz in July, a small increase to 4900 oz on August (a Betts ramp up) and then 2500 in September (5000 /2 due to the mill relining), for a total of circa 12400 oz if you are lucky. Big losses have clearly been racked up because the company is looking to raise more funds. If Bpat is right (no chance!) then they would be making money and wouldn't need to raise funds. It really isn't rocket science!

BPat, you also make the mistake of accepting what the company says as being gospel!! When was the last time that can point me to when the company hit any of their targets. Your thoughts please!!

Er, no you are simply guessing that kou production has 'continued to ramp up'. Simply wishful thinking. The best part of two weeks was lost to a mill relining and the rainy season during the quarter was a bad one. Try to think why Coris have suddenly made all the changes here!! Rather putting your head in the sand. Yan couldn't make a profit during the dry Q2 when the aisc was an awful $2598. Why will that have improved during the worst rainy season for years. Even Harry Hill admitted during the phone in that the pits were only just drying out. Get real. If it was profitable they wouldn't have raised $30m recently and are currently exploring further non-dilutive avenues to raise funds to support the balance sheet.

Two weeks to go until the next Betts Bombshell is dropped.

Sensible mimbrit. The rampers are going to be having a bad day when those results are published.

Remind us of your forecasts for $ millions of EBITDA in Q1, Q2 and Q3, Dear oh dear!

A bit like your HUM share price Rocket Man. Talk about a clown that still posts here!! You couldn't make this guys delusions of grandeur up. Has there been anyone more consistently wrong about anything, haha

You will soon realise that Yan is now a depleted mine and that it will continue to be loss making. There has been an ominous silence about what is going on there but all will be revealed shortly. It couldn't even make a profit in the dry Q2 period with an aisc of $2598.

Dead cat bounce before the Q3 bombshell is dropped ..........

Why do you think that a strategic review has been sanctioned, Betts has been replaced and a search for more mining expertise and people to find efficiencies is underway? It isn't rocket science, it is because the last few quarters have been a sh@te show.

'cLEWless' are you going to eat humble pie when the Q3 disaster RNS comes out?

As the recent strategic review RNS shows Betts can't even guarantee that commercial production (just 60%) will be achieved in Q4!

'While Kouroussa's ramp-up has been affected by various unforeseen factors, we are focused on reaching commercial production in Q4-2024. Whilst we are confident of commercial production in the coming quarter, it is dependent on us and our partners delivering/meeting our production plan and expectations'

Don't hold your breath, lol

The sad truth is that I don't think the management have a clue as to what is going on. They are just bewildered!

Absolutely Bismarck, and let's not forget that 'commercial production' is only 60% of full commercial production. After 14 months you have to ask what the hell is going on here? Whatever the true answer is, it isn't good.

Jammin , he said it was close to FULL commercial production a year ago!! That isn't going to happen until 2025 now. It beggars belief

Er, no Bpat, there is 34k oz of the 60k oz left. In other words they have sold 26k oz at the low hedge price and still have another 34k oz to sell. Sorry to burst your bubble.

BPat, oh dear mate you really can't see the wood for the trees. I know exactly what the extra funding was used for! The question is why did they need the extra money? Answer, because they are not making the anticipated money from the two mines. It really is very simple.

I think you will find that there was 34k oz left of the hedge