So Denial, Mr Wizard, they are peddling 100,000 - 120,000 ounces...

So Denial, Mr Wizard, they are peddling 100,000 - 120,000 ounces last week at conferences and if i know the following, they know the following:



Plant #2 for year 2024
Running beautifully last year with 0.44 gpt gave us a fairly consistent 770 ounces a week......

Let's give them an achievable 0.8 gpt ( 1,362 ounces a week ) from whenever Mining starts, so from April -> December it nearly doubles :

January 3,000 ounces
February 3,000 ounces
March 3,000 ounces
April 5,310 ounces @ 0.8 gpt ( 6,140 ounces @ 0.9 gpt )
May 5,310 ounces
June 5,310 ounces
July 5,310 ounces
August 5,310 ounces
Sept 5,310 ounces
Oct 5,310 ounces
Nov 5,310 ounces
Dec 5,310 ounces
---------------------------------
total Plant #2 EXCELLENT: 56,790 ounces using 0.8 gpt or AMAZING 64,260 ounces for 2024 if they use 0.9 gpt instead of 0.8 gpt





Plant #1 starting in April ( We assume smaller plant #1 does 77% @ 2.6 mtpa compared to bigger plant 3.4 mtpa )

January DELAYED -- FLIGHT CANCELLED --weather
February DELAYED -- FLIGHT CANCELLED -- birds
March DELAYED -- FLIGHT CANCELLED -- Thai ladyboy shit in the isle
April ?
May 4,088 ounces ( 77% of plant #2 ) ---- ( or pretty good 4,727 ounces @ 0.9 gpt )
June 4,088 ounces
July 4,088 ounces
Aug 4,088 ounces
Sept 4,088 ounces
Oct 4,088 ounces
Nov 4,088 ounces
Dec 4,088 ounces
--------------------------------------
Total Plant #1 NOT BAD 32,704 using 0.8 gpt or 37,816 ounces for 2024 if using 0.9 gpt


So the market is Dog$hit today because of this clear delay affecting full year production, The shareprice reality at $1.40 say's Jamies Presentations again are rubbish and we should only get a total of 89,494 ounces if using 0.8 gpt because of this delay...

If they can put through 0.9 gpt then we get to 102,076 ounces by the skin of our teeth ! That would be excellent !


So this delay has basically $ucked up Jamies presentations, but it doesn't stop the salesman does it from wasting buyback cash at conferences !


It's still pretty good, i like it, It does show clearly if they can find 0.9 gpt then we EXCEED 130,000 ounces pretty easily when fully operational , but not this year because of Mgmt 6 month refurbishment delays that must fall on Mgmt heads because they are in charge.



Maybe Jamie should have just kept his mouth shut rather than peddle rubbish burning our buyback cash all over the world since he has known of this delay for a long time...


It doesn't matter for us , because Mr Market is smarter than lovegod and has already factored in the Jamie bullshitting barometer above pricing us at dogshit $1.40 , but at least today we know why we are dogshit and how we will improve pretty quickly ......


But just like after they admitted AGM presentation was bullshit , the shareprice rallied because it had already factored in the bullshit barometer, so that's positive to look forward too.



So how about it Denial, do you think it's better Jamie stops the bullshitting like he is doing in Miami & Canada and keeps his mouth shut when he knows the Delay has meant his presentations are rubbish...


Because he's going to do more reputational damage than if he didn't go to conferences in the first place .... Kingsgate's reputation will be destroyed to overseas investors when they buy thinking it's 100,000- 120,000 ounces and they are delivered just 89,494 ounces.....


And then poor Mgmt will be bombarded with angry international shareholders rather than just simple angry lovegod..