Good posts on ADVFN inc. this one16 Nov 2016 17:08
Good posts Redtrend (1556 & 1557) & tidy(1568)
The only comment I would make, and this is just my assessment of course, so take it with a pinch of salt, is that it is Nickel that will deliver us a restored profit this financial year and the tick up in the Nickel price means a lot to the leveraged bottom line.
I'm not expecting much from the Gold operation this F.Y. year, although next year, if they get costs down to circa $1000 & the gold price stays above $1200, then that should be a nice contributor.
On top of that, the last RNS told us they plan starting a basic gold operation ("basic gravity operation") at the second mine at Zani-Kodo in early 2017. I believe we are expecting a PFS on this project, so if they are starting operations in "early 2017" that can't be long away either.
So we are expecting:
1. JORC statement on our copper J.V. at Semhkat & details of exploration findings
2. PFS on Zani-Kodo Gold mine
Also for Zani-Kodo - "The Board is carefully weighing up the cost-benefit analysis of having a more ambitious investment programme & will make its recommendations idc". Also "this resource may come to define the Group's true long term future." All sounds very exciting for Zani-Kodo where the grades are much better.
3. Nickel Smelter progress & "a feasibility study to re-start part of the refinery is underway"
4. Diamonds - Coarse railings processing to start in Dec.
5. Rationalising subsidiaries into defined commodity groups - update ("well advanced")
6.Launch a new website
7.Settlement of Insurance Claim - originally $3.6m "The amount of this claim has been increased & we will update the market idc"
We got to 2.5p without any of the above.
There is so much value to be communicated imo.
As the last RNS said: - "The Board expects the Group's performance to be stronger in the second half of its financial year (FY 2017)".
Bring it on.
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