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16:15
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Originally posted by precis
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Here's a long answer. I can't really answer with any definitive figures it because Dargues is, as far as I'm concerned, too unknown. I think they'll be disappointed in the low grade for the first very short period. Is anyone registered for the conference call? The question I'd like answered is what is Dargues performing like now...throughput and grade and recovered gold. We need roughly 8Koz. I thought we were at least $1.20 pre Dargues. If Dargues gives 50koz for its first FY, it would be useful. The company has said it has identified efficiencies so why would we expect anything less than the midpoint of guidance. It's my view we overpaid for Dargues and have taken on a lot of risk so should have sought some minimum recoveries for starters. 1.2 billion shares is nothing like 860 million. but if we roughly go 2/3 of the $1.20 we get 80 cents, to equal the same market cap.
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Thats why the larger firms are heavily manipulating the price. Look at this thing ! GOLD up again and AMI pushed down with Alog trading.
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