From all acounts this is supposed to be a week with lots of good news.
Well there is the quarterly report and there is an annual general meeting in Canada.
In the main these events only provide information that is already current in the markets - with some details which sometimes effect share price.
Projected earnings is likely to be most positive area but Bill has already released the basic projections for post Stage 2 commissioning. No surprises there!
Tis likely that Dikulushi throughput and production will be even more than projected in the coming months.
Companies that forecast optimistically then fail to deliver are punished mercelessly by markets.
Bill would be wise to maintain cautious projections.
In time achievements will be reflected in share price.
So what could be the "lots of good news"?
Well results of exploritory drilling are due to be released.
Not as part of quarterly report or at the annual general meeting - not proper.
But as announcements to market.
Somewhere - sometime a Gecamine agreement should eventuate.
This is one that will denfinitely require a specific announcement to stock exchange when it happens.
So we trust and hope that quarterly will confirm steady progress - with a doubling of monthly profits now in place.
That the annual general meeting will be positive by confirming what is known about past and proposed developments.
The next break through in share price?
A positive surge if exploritory drilling indicates a Dikulushi resource extension at depth.
Perhaps a bigger boost if nearby commercial deposits are proved.
A very strong re- rating once an Anvil/Congo- Government Gecamine agreement is reached.
This week?
Could be very positive.
Certainly more than interesting!
Cheers,
NT
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