Closed on the lows of a big sell off after what seems like a decent report. Started U/Gnd ore which will increase output.
Increased output as expected. The Co still showing 300koz/yr in the presentation for first year output so U/Gnd ore should lift production again for Dec qtr.
Current output of 200koz/yr (and growing) should see share price rise after this initial sell off.
I guess the market expected Ugnd ore to be a much larger part of the overall feed. See how they go for the next 3 months - even at current output, they are way undervalued imho
time will tell.
Ann: West African Diggers and Dealers 2020 Presentation, page-68
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