To clear a few things up…12 Oct 2025 15:41
No, gold is not suddenly going to go back down and be “cheap” again.
Yes, this is currently being financed, regardless of s/t price action.
Yes it’s worth a lot more than the current SP as a working mine, and yes the starting gun is finance completed RNS.
Yes, there is country and political risk.
No, there is not “management risk”, there is scepticism about management, but that comes from quarters who don’t really get what’s happening, and like to simply bash something they don’t really understand.
Yes it will be done when it’s done, and it’s not a straightforward timeline - many reasons it could be “delayed” by a short period.
No, nobody involved wants to “hold it up” or “drag their feet” or even “change the terms” or suddenly decide “not to go ahead”
Yes this is approved by banks at board level - and yes this makes huge sense for trapped in-country capital to get on board (over subscribed - not a surprise).
Yes, management are paid a lot, no it’s not out of line with industry norms - but yes it’s gross out of that context.
Yes dividends will be paid eventually, no it won’t be before there is money earned to pay dividends.
Yes it will go up fast when it gets signed off, and yes, there will be high volume as underwater investors exit, and more strategic investors buy up their shares.
Yes this might all be academic of an offer comes and is accepted. No, any offer will not be paltry.
Yes there may be a raise before production. No it won’t be as painful as past dilution. No it won’t stop the share price appreciating further.
Yes this is a very good place to be - as soon as we hear the news we are waiting for!
Sign In
Follow the stocks
