Member Info for Simplyme

Simple- DB will now be on position board and will get paid substantially for this too - the new structure will personally benefit him immensely

Don't really comment that much on these boards but agree that how this has been handled by DB shows total contempt for shareholders - having videos stating 200,000 oz per year, every presentation saying the same, no issues every considered and asking hard -earned money to be put into the company to then realize it was all lies! We seem to be the only ones taking the risks and tbh does indicate where we are positioned in his thought process (all suckers!). Still holding but not a happy camper

So a third less production and a third more cost on aisc is roughly what I put for my figures as compared to 100000 at $1000 aisc

There is some correlation but not quite 100% correct. Look at production and aisc for last 4 quarters at yanfolia which proves this point - aisc was lowest not when we had highest production. Know they changed contractors which demonstrates other factors can make a significant difference. Indeed hummingbird have stated $1000 aisc for both initial 120000 per year and also when they reduced it to 100000 per year for the new mine

If Kouroussa comes on line and produces even 60,000 per annum instead of the quoted 120,000 (changed to 100,000 oz per annum recently) then we would be fine from a debt payment perspective so there is quite a margin for error. This is also based on AISC being higher than anticipated at $1300 due to lower gold produced and also gold price being only $2000. SO there are still some risks but they are not that likely if we come in at anything near expected production and AISC

Well I have just bought in today - hopefully it will progress upwards from here as I see a lot of reasons why the SP could rise - interest rates dropping, sale of US business, increasing margins with renegotiation of contracts etc. Think this price is pretty good and hopefully we all make a decent profit and have future dividends to look forward too :)

Tbh if we were told gold would be over $2000 we would have been happy - can’t see it going down much from here and with interest rates cuts in the future will move up - looking good for gold over this whole year! Hopefully the gold will come out the ground fine in the new mine!!

The company also stated that Q4 steady state production would be reached at Kouroussa - I would expect this to be RNS'd as soon as it is achieved which is this month - not in the Jan update!

Today will be a big jump for all gold companies - gold at ath even with the relatively high interest rates is great for us as when rates go down gold should also go up more - so if we get the gold out the ground we will be paid handsomely!!

Now we simply need name plate (don’t care if it is under expectations as if still over 80000 per year this will rocket). Also if we forecast even anything over 160000 per year with an aisc under 1400 I will be happy and the sp will rise significantly. Trying to manage my own expectations here as DB talks better than he delivers

Now ask yourself - what do you think DB will want to do? We are $150m in debt at present via taking lots of risks and built the new mine when not even having our aisc under control as he is a risk taker

East should be easy in previous message

Not disagreeing there are risks but they are not large as you would imagine as the debt only builds up incrementally (and my figures were based on 1750 Pog and 1250 aisc) for the $100m fcf each year which is not too onerous and means we build up a $50m buffer by end of 2025 as only $150m debt. Lower aisc as kourossa is low cost. Indeed at $1300 Pog we would struggle in all scenarios but dugbe actual would derisk us as it is also low cost and a large producer. With current Pog starting end of 2025 is east as we should make $150 fcf (based on Pog 2000 and aisc of 1250) so would have near $150m buffer

Just need a $150m rcf - simple structures as this: start end of 2025 with no debt (assuming pay off all debt with fcf). Assuming it takes 3 years, in 2026 (year 1) make $100m fcf which you invest in new mine and $50m from bank, year 2 - the same so have $100m debt and spent $300m on new mine and then year 3 same - mine complete and about $170m debt (not much different from now and have added interest to get to this figure) but now produce circa 400000 oz. Have a buffer of $30m or so for issues and this would be easy to get finance for but mine complete end of 2028

Imagine then in 2028 being a 400000 oz per year producer with say $250m debt which you could pay off in just over a year - what sp then???

Start for end 2025 no debt and then spend the $100m per year on the new project - simple really

Could probably start dugbe in 2025 if they wished - if money was coming in as expected and fcf of $100m they would pay chunk of debt off next year and then keep steady debt and start dugbe - no need to wait 3 or 4 years as having $60m debt and making $100m fcf would be fine to start project

Garydav you must be happy now - you did state less than 10% would be an improvement so PFC is way ahead of your schedule!! Your words - and it is not the end of the day so still time to surprise but not the doom and gloom day some on here foretold!! Looking forward to the next few weeks personally here

Just bought at 22.10 - the risk reward in my view is very compelling - hope this turns out to be an early Christmas present - glash

He did state nameplate in H2 so not long to wait now which could be a game changer for us all