Hey Loki - you make some good points on Simberi. Perhaps it isn't as clear cut as I anticipated - especially if long term gold price remains at 1200 USD? I took the view that there is a lot more to add to reserves (based on exploration - and indications from ongoing study) and that gold price would push back up (but that is a risk - everywhere). They will also likely skinny up the CAPEX as well (per comments in the decks). That said - if Simberi inst in the mix for future ounces then there is even greater urgency around growth through acquisition - long life mines in stable environments that make sense in a lower price environment. Where are these mines?? I mentioned Alacer above - but with what is going on in Turkey atm its not clear that this would be a good strategy (perhaps the chair also saw that with recent selling).
Perhaps we will see Simberi sold (while it still has some upside) to save the 100 M USD CAPEX.
In the meantime I am standing by for a meaning (double digit) dividend to be announced soon. I can put that cash to good use!
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28.5¢ |
Change
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Mkt cap ! $233.2M |
Open | High | Low | Value | Volume |
27.5¢ | 28.8¢ | 27.0¢ | $1.897M | 6.791M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 187227 | 27.5¢ |
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Price($) | Vol. | No. |
---|---|---|
28.5¢ | 648341 | 13 |
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No. | Vol. | Price($) |
---|---|---|
5 | 187227 | 0.275 |
8 | 359427 | 0.270 |
5 | 267600 | 0.265 |
8 | 173433 | 0.260 |
4 | 241695 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.285 | 648341 | 13 |
0.290 | 675802 | 23 |
0.295 | 825204 | 9 |
0.300 | 1565875 | 32 |
0.305 | 283090 | 5 |
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