annual report, page-3

and the quarterly came out a day or more ago. that was a mixed read - with higher costs. somebody made a post, highlighting the company's hedges - which would seem to be below the company's cash costs of production aagghhhhhh.

the positives in the quarterly were on the exploration front. "kavsav", according to the company is shaping up to be a large, low grade deposit. being so close to golden pride, is a real bonus, as it would probably be treated through the golden pride mill.

the area south of syama is looking good - particularly the "tellem" prospect. drilling is widely spaced, and a number of good hits, over 1.5km have been recorded. closer spaced drilling will , no doubt , increase resources/reserves in that area.

keep in mind, that once the plant, is up and running, then any incremental increase in reserves, is money for jam.

it seems that shareholders have to wait till the new year, before syama is up and running. but the company needs a few extra dollars to get the syama up and running. maybe they should have a one for one issue at 20c, with a free option. at the end of the day, it is neither here nor there, if shareholders want to maintain their equity - and it does not matter if 100m shares are issued at 55c, or if 275m shares are issued at 20c

so close, yet so far