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Irony died today.
MM seem keen to take it all.
Goldplats were selling down on their holding that they got from selling us the mine. I suspect a good chunk of the selling is theirs.
It has been communicated as expressly "non-dilutionary". Speculation and hinting has been around the forward selling of gold.
And as if by magic, forrest gives us a demonstration.
Whats my prediction today? There will be a ton of posters today. Many will never have posted here before. They will also post fresh titles speaking their book, that they want to be answered and 'trend'. They will also only answer other posts under their post. Its usually a good sign for those actually holding.
Methinks Forrestgump speaks with a forked tongue.
I bit the bullet and took a few. Trying to look through the emotion. I was happy to buy it for .7 with less visibility. Figured at .633, I'd give it one last chance and one last average down. But that's not advice. Be better than me. :)
Must be Boom's buys propping it up. I can get a quote either side.
I hear you LW. I share your worries. My only difference is that I am still not sure that he's scrambling for cash to keep the lights on. Seems more that he is scrambling for cash to keep pushing expansion. I'm not sure it's neccesarilly better. But I think a different outcome, hopefully.
Lw. In that last RM interview, he said the funding was comprehensive and that all projects and exploration is fully funded "for the short term" I transcribed his exact wording in a previous post that you could look up on my profile. But he did add "in the short term" at the end.
Not sure I understand your numbers? Aisc is different from the entire costs of the company. It is limited to the costs incurred in actually mining gold.
How do you spell "gaslighting"? Should that be hyphenated? Meh. "Libelous" that's easier. Don't we all love the "post-truth" world, where you can say what you want and then deny it later? Brilliant. Not as brilliant as Cora, mind.
Pred. I'm pretty chuffed to see the negative posts arrive, from new posters. It almost guarantees fresh buying (almost certainly from those guys themselves).
We've spent these last year in a echo-chamber of the same handful of us all being positive... and chugging along, without any 'lift'. Seeing the new interest, gives me hope of reaching take-off velocity soon.
Keep an eye on the periods, when talking about production capacity and throughput. Saying we will be producing 2k a month by then, refers to when you start producing that. Saying we will have produced that much for a period, refers to maintaining a production rate over a period. And then also keep an eye on calendar years vs financial years. Robbie has not always been crystal clear on these distinctions. And while there has been some slip on the dates, I don't think it's been huge.
US midterms?
Those pointing out that we need balance in the discussion, are quite right. The downside of suspended trading, is fairly obvious. The accounting query doesn't sound too serious, but I'd imagine Robbie (if anything) would understate the problem. However, using this nervous time to fling a bit of random deep Google-dredged flotsam around to see what sticks, is very transparent in its intention.
Ultimately, JC is correct. We should really stick to facts and be patient. But if speculation is unavoidable, then speculate rationally. I think our best case scenario has been well covered. We get the financials and our suspension gets lifted, followed by perhaps a brief buying opportunity for Boom. Then a staircase of good news for us to do well from there.
Our worst case scenario is maybe a less clear hypothetical scenario, as we dont know what the exact problem is. My (completely uninformed and speculative) view is that our worst case is to stay suspended for a number of weeks, while our accounts get revised in line with the auditors recommendations and we recommence trading with some sort of unexpected black mark on our books. This hypothetical scenario then takes the shine of the news flow and we stumble along, beholden to the gold price. For me I can't see a probable outcome any more dramatic. It's not like we've had any meaty income to have been overstated or any debt to have been understated. The technical, geological stuff has nothing to do with auditors (as far as I know) and we still own the mine, the licences and the gold in the ground. We don't exactly have a house of cards, to collapse. Pretty much just a deck of cards, waiting to be opened.
Correction Dmors. He didn't bring something alledged 15 years ago about a board member. He brought something alledged about an engineering consultant.
He also gave us some pretty sketchy advice on a basket case investment prospect in Mali. And some old, now superceded, prospectus material from a year or two ago. He also alledged that the cash spent to buy our main producing asset was 'dilutionary'. But as they say, every 'contribution' has value. Some just less than others.
ID78. You forgot the biggest difference of them all. Jurisdiction and geopolitical stability. We've just come through an election coupled with a peaceful handover of power. Cora (in Mali) have come through a horrible period of 2 coups and sanctions. And while I dont think there is a direct jihadi risk down south, there are questions around the European joint force being ejected from Mali in favour of the Wagner group and its consequences for the never ending fight with Jihadists in the North.
"I think if you compare this with cora gold its mcap is 12 mill but vastly superior"....... *forgets to mention their 75% fall in share price this year.