Chairman (Director) on a 6 months Performance Plan/Notice due to an inability to start mining, page-544

It’s accounted for in the DFS, everyone stop listening to the muckrakers, it’s just a red herring.


At a baseline of $1850 Gold, debt is paid down in approx 4 years and I’m pretty sure Oil per barrel was more expensive at this time and the Rand exchange rate was worse. It’s all accounted for and if the SA govt was against shipping ore through the streets, the IDC wouldn’t be the cornerstone of the Fin Stack!!!!

More is trucked around Sydney, with its tunnelling Metro, West Connex, etc

Paying for energy to ship ore to a toll treatment plant is better than trying to get the finance to build on site and therefore it’s a pragmatic and good decision from Mgmt, to get into production IMMEDIATELY!!!!

Once they are generating decent cashflow they can review this toll treatment with MR 2 extra cashflow and project 200 but Shareholders shouldn’t concern themselves with those conversations yet.

Now back to the next darts they will throw. The Gold price may correct this week and a correction of 10-15 from last weeks ATH’s is healthy. Most experts are mentioning $2500 gold in the next few months.

Let’s bring it home Mr Chairman and put these muckrakers to bed