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I'm not arguing Simon- I've been invested a long time and initial start of DFS was meant to be straight after PFS. It should really of been complete by now! (This was before politics) I guess the million dollar question is how long for the DFS to be complete? Are we looking a year from now? Or will it be completed within next six months.
I've listened to the interview, I have the opposite view. DFS hasn't started despite being told it had, costs aiming to remain in the bottom 'half' - how the language has changed from being potentially one of the lowest cost producers. I feel the excitement isn't shown in the interview like previous interviews. It was more muted. I have no doubt we are progressing but at a snail's pace and the political wrangling has without doubt delayed this project.
JCB first electric Excavator https://www.jcb.com/en-gb/news/2018/03/zero-emissions-mini-so-quiet-it-gives-jcb-something-to-shout-about
I have wres and Emh if that helps look at Director holdings and a small gold prospect. DYOR
My first investment was here, I'll keep an eye out to see how it does I've made elsewhere luckily. IMO like people have said follow the directors purchases -less risk
Just over 4p risk is higher than I want, length of time will be longer than I want to wait. And I can get my money back elsewhere in 3 to 4 months. I'm sure MNG will come good in the end, I might buy back in when the price is right.
On this now! It's a shame but I see this taking too long to get my money. GLA
MNG had shafted everyone. No chance of this SP rocketing, false promises
Restructuring of debt was always needed, question is what the banks are thinking. For some reason I have it in my head we will see a loan from MNG to AUE. The two encouraging things here are: We must be approaching 60 days of consistent production and they realise a fund raise will be bad for share holders.
Saloon, the statement is quite clear. Agreement or fold the business. Not sure a corporate guarantee will cut it, the banks will most likely push for personal guarantees. Lots of work to be done over the next two months, mine plan, production figures. Let's hope we can have some earning months.
Can't be far away, I'm expecting this week or Monday.
Oky_3 - MNG would not invest 30m move to owner operator at cost and then default. Banks will want something for certain IMV you will see some kind of payment, mine plan and debt restructure. I believe mine plan will show a reduction in ounces produced with a debt plan to match.
POG most probably, my other goldie has dropped also.
Share options were issued but not taken up in the window allowed. Nothing really
Soon for the patient, I am quietly confident. Deutsche bank looks like it is suffering, gold looking good for a rise :-)
On debt will be crucial it will be interesting how they handle this because I'm sure the bank will expect payment and a raise will not be effective. I'm thinking a loan by MNG to AUE with refinancing coming.
I don't blame you I have been tempted a few times recently. Especially when others are doing better
Very quiet here with the SP drifting lower.
I see this as good news! Two big liabilities for AUE are bank costs and plant and equipment. effectively they have reduced the liability of the plant and equipment. Keep in mind by bringing it in house they can control costs, they can decide to increase or decrease activities without financial penalties. On top of this MNG have put further security around there investment. Gold production is improving not as quick as I would like but it is improving