Ann: Half Yearly Report and Accounts, page-7

Good news I hope .....
Only have scanned it quickly so far but I feel EBITDA of -$3.1 million should be the last minus figure we see if things are going to plan...


As I read it gold production is now around 6,200oz per month rather than the average of around 3,700 ounces last year.
They expect 60,000 oz by end of June ...which means 37,611 oz is expected in this six months )
Presumably they would not maintain that guidance without a healthy amount of gold already sitting in the coffers.


Meanwhile courts are reviewing the Pybar/WPG case again tomorrow (March 20) after mediation failed to work

...more results are expected to give definition to further scopes of work..

...And, as an aside, on page 20 a note regarding 25 million vendor option shares from when WPG was bought from Diversified Minerals
“The purchase price was $9 million, assumption of $375,000 debt for its joint venture interest and the issue of 25 million WPG options to DMPL with a fair value of $425,000. The unlisted vendor options will expire on 30 September 2018 and the exercise price is $0.11 per option exercised. The issue of vendor options was approved at a general meeting of shareholders held on 13 October 2016.”
Months away but I wonder if we will be over or under 11c at that time ..