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Be interesting to see how the SP reacts today. There is demand for this stock but no doubt there will be the flippers which may provide an opportunity around placing price. On the whole favourable outlook going forward with US listing to come.
RNS reads well. Finance to close by end of May 2023.
Selling continues on this miserable share. M/C 13m. 2 should see some buys.
Mr Ross is getting to grips with the business. Cash runway extended to 2024 . 'In addition, we plan to discontinue, out-license and/or dispose of all the Company's legacy assets. We will provide further updates in due course'.
Sooner or later this will move and test previous highs. New year update due v soon
Tough old markets atm. Think it has a bit more to go but content to see the story develop. PI want instant returns and are swamped with ultra short term traders. Also has the feel of an II offloading. Should steady and reverse in NY.
Worrying fall last few days - given his past history.
A T/U would be nice. BoD been quiet since interims.
Shouldn't be too long for news on Segilola/Douta and I fully expect some news on the remaining debt.
It was the second of two drilled. After the first choice didn't come in there wasn't much down for the second. Dragging their heels on Tunisia, CEO can't even be bothered to put a comment in the RNS which just highlights his attitude towards his shareholders. As I have previously posted this company is run by donkeys who take a significant wage. Not much down for SENX - they were in the right industry at the right time but managed to completely mess it up. Declining volumes will continue. terrible comms and a woefully run company.
The issue her e is the BoD have a complete disregard for their shareholders. They will not be concerned one iota about this as they continue to take their inflated salaries. I agree this is a lifestyle company and if it wasn't for the meagre production and sky high prices it would be on its last legs.
Great little company but needs more PR and regular news flow. This should start coming:-
Reverse circulation ("RC") and Diamond drilling commenced during the quarter. The main objectives of this programme are:
1. To test the geochemical and structural targets generated by auger soil sampling and trenching in EL 20776 and EL23573. The drilling was also targeting the occurrence of gold mined in shallow pits mined by artisanal miners.
2. To test the gold-in soil anomalies generated by auger soil and trench sampling at Odo within EL19066, 3km north of Segilola deposit.
Assay results are pending for the majority of the drilled holes with no significant results received on assays received to date.
Post Period, the Exploration Lab arrived on site. The Lab is expected to be fully operational from September 1, 2022 and will allow the Company to fully implement its exploration drilling program and critically, will significantly reduce assay turnaround times.
FK - don't dwell on the past, look to the future. Yes it has been a slow grind, but now is the time to invest as it was at 2.3 . Chin chin.
Quite ridiculous how the company continues to give little or no information to their share holders. If there is a delay then the market should be informed, perhaps they have commenced the first drill and await the results? we are none the wiser, perhaps a email to the new nomad , Shore capital, may illicit a response.
So much potential in the current climate but run by incompetents. JA has been a complete waste of space.
Another large sell cleared.
The decline in the production is ridiculous and all the time the BoD take their sky high salaries and still no timescales for the pumps etc. They really are totally incompetent and ambivalent to their shareholders. I fully expect , following consolidation and with the year end work schedule there will be a raise this year. A truly self indulgent and uninterested BoD.
The selling has been and remains extraordinary. Some clarity as to whom the seller should are would be nice.
Need to clear the sellers and traders. Good volume
It is the Q1 results. Mob handed with the COO making a bow. Lets hope they have some positives to deliver, it has been a long wait.
What is new in this update?