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The focus on the last 5 months, has been identifying and diffusing bombs. All our recent news has been around solving problems and smoothing the runway. If you're sitting around waiting for bombs now, you're probably sitting on the perfect strategy for 6 months ago. Not so much now that the focus has shifted.
Bye now. I imagine you need to crack on. Some 200 plus companies to go comment on with reasons why you won't be buying.
I'm slightly dissapointed at the news of the final appointment of Simon Grant Rennick. As much as it indicated that both the corporate governance and finance was in hand and was at face value, great news, I think there was a lost opportunity to bring Cela's cousin's technical ability on board. That guy sounds like he knows his beans! Lmao
Sono***n, what makes you doubt him? He sounds legit to me. (As does his brother). As a matter of fact, his imaginary technical analysis of that non-existent youtube presentation has impressed me so much, that I will immediately be selling all my shares. Thanks for the warning, cela. Please send my regards to the Nigerian Prince. And if you've got the time can you ask him if that money has cleared yet? Its been a while. I'm getting worried.
JC. That's fantastic! Also, I can't say that I've ever seen the CEO's personal email and phone numbers on a broadly published presentation. It really is a very different sort of mining outfit to usual crowd. Hands on.
Surely. Guys come on and ask rhetorical questions backed with bad assumptions all the time. That's why they are starting the discussion. To clarify.
Think it might have been me. My thoughts have generally tended in the possible JV in Tanzania direction. It's their backyard and our 'next' jurisdiction.
Time to pull out the calculators.
US inflation came in under expectations, giving reason to beleive the Fed will take it easy on future rates increases.
JC, if I remember correctly, I think that the ROI on the expansion project at those modest gold prices was 130% Just imagine what it is looking like now!
Thanks JC. That's a good point. We also must bear in mind that the team have been operating under very difficult conditions. RM reminded us in that last interview that after OCIM pulled the rug out from under them, they pretty much spent the last few months in ICU, stabilising operations at an affordable level. A cautious approach to ramping up in a cash constained situation is a very welcome approach. To throw caution to the wind and put the pedal to the metal now, could unsettle some very good work in getting our medium term plans back on a sensible and hopefully very rewarding, path.
I'm not.
The irony of him/her talking about track record is priceless.
I did articulate why. If we pay back the loan, we pay 8% interest on it. If we don't pay it back, we issue shares at a 10% discount. So either the finance costs us 8% or its costs us 10%. They are mutually exclusive. To add them together to get 18% financing costs is either stupid or mischievous or both.
Maths isn't your strong point. If they've paid back the loan including the 8% interest the shares don't get issued.
Agroperson, just to fill in some detail, the most recent pics tweeted were of "high grade material being stockpiled ahead of mill restart".
We agree on Cora being a lost cause. Still double GCat's market cap though.
I'm not sure where I said that attitudes of other shareholders in different companies directly affects our shareprice. Of course they dont. It was just an observation on relative attitudes to what constitutes fundamental changes.
But if you haven't noticed any irrational panic here, then I'm happy that we see it differently and luckily for us, that's what makes a market. Good luck.
Oops. Correction. Cora is a Yanfolila spinoff, in Mali. Not Kouroussa, which is Hummingbird's new mine, yet to start production, in Guinea.
We'll see.
Meanwhile the dodgy government in Burkina Faso, being held in place by the Wagner Group just "commandeered" 200 kilograms of gold from the Mana mine for "public necessity". The Endeavor share price gives the tiniest blip and no mention is made on the bb.
Cora, the spin off from the hopeless Hummingbird Kouroussa project in an equally bad jurisdiction, with an illegal hovernment in Mali also held in place by Wagner, where the government appears to be putting the brakes on all new investment in gold mining, has twice our market cap, without producing an ounce of gold and everyone is pretty relaxed.
Here, we all lose our **** because the CEO posted a picture of his dogs.
Sure, nothing subjective going on at all.