It was geotechnical problems and that’s the main reason that...

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soarer

5,578 Posts.

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10/08/21

13:09

Post #: 55169954
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Originally posted by underdone ↑

Finally some real upside.

In rough terms that means that the resource contains about AU$576 million worth of gold and another $20 million worth of silver. On those figures we can soon look forward to an announcement telling us when mining will start.

I've been in this for 10 years and it looks like it's eventually going to pay off. The shares hit a high of about $1.75 back then and they've been diluted since, but if Talang Santo performs anything like Way Llingo, which it is likely to, we are going to see them back around the $1 mark in a few years time.

But we have never had any real explanation from the company about why it couldn't stop the flooding before and why it is going to be different this time. If we had that explanation I would be far more comfortable.

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It was geotechnical problems and that’s the main reason that they not in a hurry to go underground anytime soon unless they are hundred percent sure they can overcome those problems atm …
Basically now we trading @ EV of $5m without taking gold/plant on board …just priced as a shell.

Last edited by soarer: 10/08/21

KRM Price at posting: 4.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.0¢		Change 0.002(5.26%)		Mkt cap ! $30.14M

Open	High	Low	Value	Volume
3.8¢	4.0¢	3.7¢	$36.49K	946.9K

Buyers (Bids)

No.	Vol.	Price($)
3	118959	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	508062	4

View Market Depth

No.	Vol.	Price($)
3	118959	0.037
2	127777	0.036
3	256331	0.035
2	270000	0.034
1	200000	0.033

Price($)	Vol.	No.
0.040	508062	4
0.041	22315	1
0.042	50000	1
0.043	26998	1
0.044	300000	1

Last trade - 16.10pm 22/07/2025 (20 minute delay)

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