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50k sell. Perhaps there’s no glod after all!
Full ask. Someone buy some for a blue finish. Come on, gold news Monday. I wouldn’t want to be out over the weekend!! Next stop Aston Martin garage!! Choo Choo!
A tenner in the 2p party kitty says ORM will do a WRES and finish red after that RNS
Agreed. Envious of the clarity of info in their RNS (would you like to take note MM?) However... ‘Processing of low-grade ore feed from the northern starter pit has produced concentrates exceeding 74% WO3 (compared to the industry standard of 65% WO3) and close to targeted specification; operational refinements are now focused on achieving targeted specification in the near term; · The initial ore feed from the northern starter pit, a small pit representing only the first few months of mine production, has returned lower grade than forecast due to localised complexity within this peripheral remnant zone; · Plans are therefore being developed to target mining of higher grade ore sources in the near term’ So if the product is below targeted specification how low is it? Is it sellable? This might explain the long delay in releasing this information while they’ve been addressing the ‘localised complexity’. And now it looks like the solution is to mine another area. How long will this take? Could mean no revenue and more cash burn. But hey what do I know
Just parked next to a jag in the consultants car park at work. Number plate was RIO TNO. Shotgun WRES1
“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better.“
‘More to the point, why are we only up 5% today?’ See my previous post... I don’t begrudge the man a loan. Borrow all 5.3m if it’s required to get us to full capacity. Just be honest about the need, the cash flow, the current output etc. Is that too much to ask?
I agree that turning a ‘dusty field’ (as one deramper called it years back) into the first class setup we appear to have is an outstanding achievement, something few are capable of pulling off and worthy of the highest praise. The difficulty for me is the repeated appearances saying how great everything is and how it’s under budget etc. only to follow these words with further share dilution, a free warrant give away and now a loan against a future payment (albeit at a good rate of interest). The words and the actions are incompatible. Incongruent if you like. And that generates a feeling of mistrust and anxiety, which if he’d never done a single stupid interview, we probably wouldn’t be feeling. All IMHO
Wrong then. Good. Not sure how he’s managed to make what should’ve been SP blasting mega news into a damp fart. But he’s done it. Slow clap
Got a tall glass of ‘Nope’ for news tomorrow. 30th May is my punt
So December before we can expect to be operating at full capacity on LP... I’ll be surprised if we reach 1p before then. Maybe on a gold spike but doubt it’ll be sustained. Just in my own pessimistic view. Personally I’m fine with that. If it goes up by 1p every year then I’ll be a millionaire before the age of fifty!
Agreed. Least I didn’t pile into sxx before the recent finance update. It’s going to be a long time before those guys can relax!
Decent interview. Would be nice to get back to 0.6s this month, which one would hope to happen if we do actually get all those updates. Maybe I’m just dreaming. Sigh, another long month I suspect
Hmmm I’m in the relegation zone. Must try harder
Kalan I’ve reported this post due to its balanced, rational and reasoned content
Indeed
If this is think and fast, I don’t think I could cope with thin and plodding
‘Sellers gone now Michael, it’s Ok to come out. Coast is clear. You were saying something about Gold and shareholder value?’
Agreed. Had visions of all 333m being dumped on us in one splat...
Hurray! This is good news. Mystery of repeat sells solved. You were right moggy and we’ll spotted again. What was it someone said, if it walks like a duck?