50 ft catwatso reads reports, and then forgets them -but watso...

50 ft cat

watso reads reports, and then forgets them -but watso is a geriatric. however, from memory, golden pride still has a few years to go. watso looked at a rsg presentation , not all that long ago, which showed the contribution from the various mines, in the coming years trouble is, watso cannot recall how much was going to come from golden pride. what watso can recall was that the production from sarsfield was on the way out, but the underground mine (mt wright) was going to kick in. because this is the only thing that watso can recall taking much notice in, then maybe production at golden pride was still going to be there.

suggest that you have a look at the last reserve statement, and for golden pride, in all categories, there is about 1.3m oz so there should be many years of operations. there is also the chance of more exploration success, and there seems to be some good results at kavsav.

rsg, despite its faults, has 12m oz, in all categories. of course, not all of that can be mined, but that is a lot of gold, and the market cap is $150m. this is nothing short of silly - but if there is no funding, then it is curtains. hopefully the funding that the company is looking at, will not dilute existing shareholders too much.

perhaps what the company could look at, is a issue at 50c to shareholders, with a three free options, to exercise at 20c. that way, exisiting shareholders keep their equity in the company, and even though it is nothing more than smoke and mirrors, it will tempt shareholders to throw in some funds.

just a shame that the company did not wait a few months longer, before selling their pdn holdings - but that is all good with the benefit of hindsight