Member Info for Suggins

Align update note says:- ‘in December 2021, the company achieved its 1,000oz per month production target’.

The update says 872 oz (and that was not yet fully processed).

A bit odd; if the broker note is referring to production run rate I think they could be a bit clearer.

RPdard - I was rather counting on John to buy one badge for each of this aliases to help get sales up.

Greg - I think your price predictions are ludicrous but I love them ! Bring it on (I am still looking into the 10p club pin badges).

Includes:-
- ‘Q4 production of 2,088oz was up strongly, 86%, from the prior quarter’

It also highlights build up of unsold inventory and reiterates buy with a target of 4.2p.

I think i’d score it a 6 or 6.5/10.

The two key positives (target run rate hit and confident of continued progress) have already been released so not that much more here. Costs edged down which is good to see against a cost inflation backdrop.

This is what jumped out on my first scan, clearly not the most important but a remarkable coincidence.

Mining operations section includes:-
Underground ore tonnes blasted - 31,656t
Underground ore trammed - 32,232t

Processing operation includes:-
CIL Plant material processed - 31,656t
Tailings Retreatment Plant material processed 32,232t

I think we will get our 6 month anniversary as a listed company in Q1.

I believe that the directors will then be entitled to review their initial modest remuneration; that might be interesting.

Is anyone able to give any guidance on the possible similarities or otherwise of the current drill target and Estrella Resources findings near their Carr Boyd nickel mine towards the end of 2020. I only ask as they seem to have reported similar conductance levels on 20/10/20.

Sorry if this has been considered previously or if it is just completely different. This delay is dragging.

How exciting are you expecting the Q4 results to be ?

Well I’m not happy about it, one of the key strengths of this share is it’s consistency. If we lose that what do we have left ?

Why is the price in blue with an upward arrow next to it; what does this mean !? Very unusual.

Don’t tell Brenda from Bristol whatever you do.

Additional shares to the same people are covered as well though I think, so performance shares or the additional shares to goldplat would also be locked in.

I suppose key exclusions from the list are the two legacy directors who hold/held nearing 10% with the shares for debt to one of their other companies is factored in.

I am having a very nervy time and am definitely now in the 'bed wetter' category. At least the trades going though do not suggest anything at the moment (although a flurry of delayed trades is always possible).

See page 133 of the prospectus for the list of original 'locked in' shareholders. The percentage ownership of these parties was, at listing, was 32%.

Hard to imagine that sort of tactic being effective at a near all time low price.

The only sellers at this level must be those who got in very early or the very desperate for cash; neither likely to be affected by such games.

Sometimes those double trades are not straightforward purchases/sales (or so I’m told). The price didn’t obviously move either.

Yesterday we had confirmation that the 1,000 oz/month run rate was hit in December. Today we had confirmation that not only can they sustain that level but they are so confident with the progress at the mine/open pit and in increasing the resource that they are pressing ahead with a plant expansion. From my point of view these two things more than deal with any concern about the Kili operation. The full Q4 results have become a mere formality (as I suspect was the aim - the clever devils).

Now; one more piece of the jigsaw before this really is going to take off and that is the licence in Tanzania for the reefs area. The open pit there is obviously the foundation stone of the whole Tanzanian operation and once that licence drops this company is in absolutely phenomenal shape. Anything else, such as the red ray licence or another purchase, would just be extra gravy.

https://www.thedailystar.net/business/economy/news/most-listed-drug-makers-declare-higher-profits-2952506?amp

I have to disagree on Q4 production and think it will be a lot lower than many hope for. But, the run rate got to 1000/oz by the end of the period which was the target and rather than rest on that we have seen today that is only the start. A few hundred oz will very soon be just a drop in a Kenyan golden ocean.