Ann: Tietto Ramps Up to Full Production at Abujar Gold Mine, page-40

Hey Heeman,
have you noted the recent broker report on the other thread?


260k looking very unlikely....
Petra view 205k as being more achievable, that is a 55k drop!
Even if you balance that with a 35k increase in CY2024, 20k ounces has suddenly just disappeared.

My other concern, is that TIE has stated that they planed to make creditors wait longer so that their funding would last until commercial production was reached.... RED recently did a quick capital raising, because their ramp up took longer than expected, and.... they had $80m owing to creditors.



So whilst TIE might be technically debt free, they most likely owe suppliers a fair wack of cash..... how much we just don't know.

It would seem ramp up to commercial production is going to take a few extra months.... how they achieve that without doing another capital raising is my worry in terms of stopping the share price from appreciating.