Member Info for Punter64

Yesterday old Rocket Man was ramping again '7.5p tomorrow is nailed on by the looks of the book'. Looks like another failed rocket launch, phut, phut

These AI bots are pretty smart they keep calling this right! Catch up later fellas, have a good day.

Just watched it again because I missed the beginning yesterday. It was truly awful. Performance has been so bad that they have raised $30m to help them get Kou to commercial production and situation is so dire they are currently exploring ways to raise more funding. So, they haven't even hit 60% over the last quarter and the aisc must be so high that they are still losing money hand over fist. All questions about production levels were completely ignored and Yan barely got a mention but overall group performance must be dire if they need even more money. The strategic review and search for a new, more competent, CEO will take months, and with the current shower still running things the dire performance will continue for the foreseeable. Things are so bad they are even looking at selling a mine (other than Dugbe). Probably Yan which is now little more than a millstone around the company's neck. If they sell it it will go for very little given that it has a paltry 400k oz reserve and a sky high aisc.

I suggest you google 'exclusivity agreement'. Basically if the buyer completes due diligence and confirms they are going ahead at the agreed price within the agreed timeframe it will be going for the $75m price.

Careful NomZ, you might upset the rampers with a common sense assessment such as that. I'm still waiting for Rocket Man to update us on the 'jam' that was going to be outlined during the investor phone in!! Phut phut goes the rocket launch yet again!

Yep, see you late CLEWless!

The price is $2100 as per the very recent presentation. It is there in black and white.

There is none so blind as he who will not see..........

More jam tomorrow! Why would anybody bid for this loss making company which will have tiny reserves once Dugbe is sold for peanuts? Not going to happen. Just the usual Betts wishful thinking.

Just looked at the latest presentation the hedge oz 60k oz at $2100 and lasts until end of Q1 2025.

He basically panicked because he knew production wasn't going to meet expectations. Just about every commentator expected gold to go up significantly. It was a terrible call.

What about that guy saying he was pleased that they had taken out the disastrous hedge?!! Yep, everyone is delighted about it. Unbelievable.

I wouldn't wait for those mate because you will be selling for a lot less when those figures are released. You had to watch Betts shifting around and biting his nails. As for the other bloke he could barely string two sentences together he was so nervous!

Remind me, how much was hedged at $2070? Wasn't it 60 odd thousand? And still still have 30k oz of the hedge left!! OMG

Mostyn their shifty behaviour when asked about production should tell you all you need to know about Q3. It has been a disaster. The aisc will be sky high. They also have 30k oz of the hedge left, hahaha - unbelievable!

BPat, what happened to your amazing ramp up at Kou? Looks like they have barely achieved 4800 per month, if that!! What did I tell you?

Yep, what a disgrace. Every question about what is happening at Kou in the last quarter was totally ignored. This is even worse than I imagined. All the latest raise is just being spent on trying to get Kou to commercial production. Full production is miles off. Underground at Yan not happening until h2 2025!! Comically bad. Where was the jam Rocket Man?!

OMG what an embarrassing session that was. Have you ever seen two more nervy, embarrassed individuals?! I must have missed the 'jam'. What an absolute mess this is.

incredible stuff clewless! i have been saying for a while that q3 is a disaster and more funding would be required. far from 'lies' it has turned out exactly as i forecast. perhaps you should take a look at the lies you have been posting, which have been about as accurate as the moon shot. you will find out very soon that yan has been a rainy season ****eshow in the near future imo.

Even more concerning is that Yan wasn't even mentioned in the last RNS. Old Danny Boy could have provided a positive update from there to lift the gloom but not a word about it. Performance there has no doubt been dire too with little improvement to the sky high aisc of $2598 reported in Q2.