Ann: June Quarter Report, page-18

Cheers Yacheng, I had a good go a reading all the exploration news, but... so much I have to take another look later!

The lack of share price movement in PRU is unsurprising these days. Trading seems very much sell news... buy when things are boring. Rinse/repeat, tack on PRUs relative strength over the past 2-3 months, and its treading water.
That being said, I think as the numbers percolate through the market, it will get a little more notice.

I know everyone is focused on the dividend, but... in all honesty, I would be ok with PRU doing another acquisition (not necessarily a producing asset), as I assume the focus is going to swing towards ensuring they have a 10+ mine life for the 3 mines in the coming years.

In either case, the next few quarters are going to see Yaoure increasing its ore grade, whilst costs coming down, and further increases in gold produced and sold. Sissingue will likely see a return to higher production to in the short term. Margins are going to be incredible, with slightly higher hedging prices being received as a sweeter.

I cannot deny, the market seems to hate the gold sector, but... that is ok, nothing wrong with being the ugly duckling, when.... sooner or later, the truth, or, balance sheet strength will shine through eventually.