Ann: Tranche 1 Institutional Placement Completed, page-2

I suspect there is still a fair amount of hopium around this purported 420k ounce per annum (AISC of USD900) 2020 producer, so with the debt significantly reduced the share price will not get too badly damaged in the very short term. The market my get a fright once the full annual financials are revealed in February and we know the extent of their debt and accounts payables.

My expectation is that Syama's March 2020 quarter AISC, and possibly the production level, will be poor and that will result in the next major share downgrade (unless there is a drop due to a falling gold price).

I sold another third of my former holding on the open this morning for a very small profit and now have just 100k RSG shares left to worry about.

loki