Ann: Tietto Ramps Up to Full Production at Abujar Gold Mine, page-46

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cherryburn

1,100 Posts.

183

21/03/23

23:15

Post #: 66888957
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Originally posted by speculator101: ↑

I started going through my old posts, but.... I have given up. Some time in the last 2 years the company alluded to using creditors as a buffer for the commissioning period. Or perhaps it was in one of the video presentations. Anyway, as I cannot find it, I will simply say its IMHO.

Oh.... but I did find in the presentations last year, that TIE clearly stated they were fully funded after doing the $130m capital raising.....
Only to raise a further $49m late last year. Anyway, I think things are going to be tight, how can it not be. They have basically said there is less gold than expected in the artisanal resources they are mining, plus... small issues with ramp up mean, there is no way they are going to hit 260k for CY 2023, they were very naïve to have ever stated so (just like WAF I suppose).

I only have a very small holding, as I have been burned by developers time and again.
Good luck to all holders, perhaps the higher POG is going to be enough of a buffer.

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Speculator.....you are a critic of the Company for missing the self imposed deadline for first gold pour by 2 months or so.! The Company will be judged on the results of the June, September, December and March 2024 quarters combined. I can understand that you have been "burned by developers time and again" since many so-called developers are in fact exploration companies with a PFS. 98% of these companies will NEVER get to production especially if led by geologists. Petra slating is a 6c dividend is quite amazing. Good luck with other developers that you hold.!

TIE Price at posting: 58.0¢ Sentiment: Buy Disclosure: Held
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