Ann: King of the Hills on track for commercial production, page-109

US$ POG dropped below US$1800 in the after market, in reaction to FED Chairmans hawkish statements on continued interest rate rises during 2023 and maybe 2024/25 before moderating them. So today was a nothing burger day for gold miners. The SBM sad diatribe from bitter shareholders continues unabated, while GDM SH's cant believe their luck. The LOL arrangement where the impaired non-performing Simberi and Atlantic assets will be bundled into Phoenician Gold and SBM SH's will get 80% of this beauty is another LOL aspect of this contrivance.
Some panglossian optimist's think this is the beginning of a grand Leonora consolidation that will inevitably involve RED (willing or not) ...
oh contraire .... Hoover is a leper stock IMHO, and the RED BOD will have nothing to do with it other than process suitable ore @ right price.
The reality is that this merger is a dogs breakfast of impaired, over valued assets, that lacks one unifying asset - the KOTH plant and ore sources.
The DCN acquisition is not and will not complete unless Kin gets a much higher offer, and some analysts doubt there's much synergy on offer.
It's been suggested that some of the Hoover ore bodies could even be processed at Darlot (WTF I hear you say).
All in all, gold looks to be drifting sideways and may not stabilise till the NY ?
So, RED followers, keep cool, and wait for the game changer announcement(s) over the next 2 weeks, then after the release of the full 1/2 yearly report etc.
Note the SP dip late in the day (on low volume). Minor fluctuations in SP are meaningless in a stock with such huge intrinsic value.