Member Info for steve58

Good news then.

SP should recover.

No announcement from Riversgold.

Would have thought of enough importance to warrant an RNS.

Of course the market usually looks months or even years ahead.

As good news flow comes in then I'm sure the market will like what the future holds here and the share price should respond accordingly.

The share price usually goes up.

Of course revenue is very important as it pays the bills.

Although here of course we also have a share of a very substantial revenue producing asset.

Difficult one.

Maybe sell a % if you think the gain will cover your losses on the amount sold.

I think most investors have had this problem at sometime.

Imo this should multibag it’s just when and by how much.

GL whatever your decision.

MC about £230million.

Could be an underestimate once output and expected profit margin is known.

Spread still much lower than it has been and sp rising.

Looks like it could be an interesting few days.

Imo some big buying before Friday is possible.

Depending on annual gold output.

Should be north of £30 million profit to us in a year based on about £2000 oz profit.

Open cast mining so no expense construction of an underground mine.

Granting of licence should be a ground breaking experience excuse the pun.

Not sure what p/e average is for Australian gold mining companies but our sp could be valuing the company in the hundred million plus category.

Exiting times ahead.

We need the total area that can be mined times the average grade.

Still hoping for in excess of 300,000 ozs a year output.

Topped up last week so could be even richer than I thought when licence news breaks.

Hopefully a Friday rns.

The companies annual results for the year ended 31.12.2025.

Hopefully licence news would have been announced by then.

Strange that q and a sessions have stopped.

9% of total profits.

If 200000 ozs are mined annually.

£2000 an ounce profit.

Our share 200000 x 2000 x 9%.

that would be about £36 million to us annually.

Quite significant given the current sp.

To think in a short space of time we could easily have dividends in excess of the current sp.

2p is £300 million.

Over £2 million additional profit to us on today's increase in the gold price.

Assuming 18000 ozs being our 9% share of 200000 ozs annual gold being mined.

Anything possible here imo.

Sounds like a 100% probability the licence will be issued then.

If we are making £30 million plus in profits a year then mc of £150 million could be a very conservative figure.

Other assets could also come into play.

I don't think they own any of the land but just the right to mine on it.

It all has to be put back as it was when the mining finishes in maybe 20 years or more.

Not sure about the gold in the ground.

The main catalysts now are the mining licence and s revised resource figure and ultimately how much gold can be extracted.

Would like to think over 200,000 ozs a year.

At £2,000 profit per oz that would be about £35 million to us a year being 9% of total profits.

Could be higher or lower due to gold price fluctuations and mining costs.

All imo.