Member Info for shamI89

Lol yes Bushy I am too thick that I dont Understand "cash burn and cash flow".However tell me where is all of that 38.1 million gone as debt has gone up and there is nothing to show fot it.

First Kouroussa poured first gold in June 2023 and after that it was mean to commence "comercial production" in next quarter.4 quaters have passed since then and all we have is an excuse after excuse.

It is both but funnily enough going through quarterly production updates it looks like production has been falling in every quarter for last 6 quarters .Going by last two quarters I would be really amazed if they manage to hit anywhere near 165k.100k is more realistic.

I will go through quarterly updates

The Company recorded a Group adjusted EBITDA loss of US$13.5 million in Q2-2024, driven by reduced production from Yanfolila in the second quarter.

· During the quarter, the Company secured a short-term loan of US$10 million from Nioko Resources, a wholly owned subsidiary of CIG SA, the Company's largest shareholder.

Company raised 28.1 millions through placing in quarter 4 but that was not enough it had to take on 10 million loan which is due to be reapid next month.However that is not the end of it total production forecast was meant to be 200000 oz which has been slashed to half.So let me give you full picture we have a company whose debt has balooned to 153 million and is losing money and has slashed its forecast by 50%, can it carry on any longer like this?

They raised money through placing not so long ago and took on more debt but company is still "loss making".I still believe "0.4 million" wont last long and company will need to raise money shortly.

Who told you Coris will take it out 8.5, what is stoping them from converting debt to equity and effectively wiping shareholders out?

There will be countless traders trying to trade it but final outcome would be zero for shareholders.Equity did have some value when debt was under control.Once it went out of control,there was no value left for shareholders.Yan was meant to commemce commercial product in Q2 2023 and we are into third quater of 2024 and it is yet to commence commercial production.Problem is debt level is unsustainable now as company needs more money as 0.4 millions wont last them long.It was funny to see Dan mentioning "non-dilutive equity" option being explored as that is best outcome for shareholders.Realistically there are two options lenders convert big chunk of debt to equity effectively wiping out shareholders or raising money through equity to buy some more time.However look at track-record of this company they raised some money not so long ago and took on more debt, all of that has gone.

Raising any money as it looks like debt has balooned to 153.4 million, gold is hitting alh and this company is losing money in every quarter.

Ignore him he is another "mug punter" who is trying to bs his way out of this quagmire.I remember him saying that company does not need to drill exploration well as it knows oil is there.

It is trapped mug punters trying to lure in other mug punters to get out.But stampede would be huge.

I would not trust him on guidances, he has rarely hit them and if everything was on track he will have another c*** up in other form.This is his final chance but that has been said multiple times over last decade.

Decided to release these horrendous results on Friday,thinking that market can digest these results over weekend for it to be buisness as usual on Monday.Only thing that is supporting shsreprice is price of gold,a slight weakness in there and company is in big trouble.

Lol and petros still rejected their application,not so good relationship is it?

First they need to get a psc, these issues can be sorted later on

Lol and that is why share price keeps on falling.Musical chair has to stop at some point!

You need to get creative Mega, as you need volume for "p&d",volume is not there and these "Tr1" are getting boring as market is no longer falling for bs.

Lol you would not mind chucking 10/20 K here and there on these purchases if you are getting 1 million between you.It is in their interest to keep it going as long as they could.If they run out of money they can always raise but right now they have 3 millions to themselves which should last them good couple of years.However can "mug punters" wait that long,I dont think so.

You have forgot to add that these "shareholders" are being paid 1 million per year,which is hell a lot of money for these sort of "cash shells".

A full blown "p&d" is orchestrated by a few.As it looks like BOD is in touch with a few "mug punters" and they tell mug punters about an upcoming "Tr1" beforehand.However market is not interested in all of that nonesense.Herd will move on and this will fall to anything between 0 and 0.2.

All these discussions were hogwash,as petros are going down "competitive bidding route".