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Ann: Quarterly Activities Report - 31 December 2017, page-5

  1. FGB
    1,405 Posts.
    lightbulb Created with Sketch. 84
    Quite a bit to unpack here:
    Tomingley
    Yes it will likely shut down around July-Aug, the new sources will not come on fast enough.
    Production over the last six mths is impressive, while better head grade and lower strip ratio helps, they cut production costs nicely as they tried to squeeze more cash out of the hole. Well done management.

    DP
    Still there and still undervalued. Most of the prep work done, and no debt build up doing it.
    Finding it hard to find a dance partner?? Hardly surprising, may even be influence from incumbent players (warning people off). The cash required is not enormous, so it only take one solid investor to give the nod and we are away.
    Yes it is disappointing that we are not already digging into that mound of goodies and finding places to stash the cash, but it will come.

    My call is HOLD (unless you have a little lazy billion $$ under the bed, in which case the phone number is at the bottom of the report)
 
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