Thanks DrDrill and same to you. Have a healthy, happy and prosperous 2023.
I do think this will be difficult, challenging but not impossible. While the merger and DCN take over have set this up, the outcomes rely on a rising gold price to cover high costs, and time to get it all sorted. The cap raising by GMD also went to Phoenician ($65M and the share of costs to raise) so the 22% of HHouse is a little in-accurate. This is one to watch as my thesis on gold is very positive. I have not gone into the geology enough to assess potential upside yet. But my overall view so far is that this is still moderate risk on HH and higher risk on Ph. Raleigh is capable and so the market will support HH at least. There is a lot of hope here, and a better structure. Cleaning up messes and taking control is never clean cut in this fluid sector.
Very best to all holders, may gold fly for us all. Is there another move to come? I think RED will be OK but it took longer to bed down; declared production now so past commissioning. A separate issue at this stage but so interesting.
SBM Price at posting:
74.0¢ Sentiment: None Disclosure: Not Held
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