What you are missing is:
Stop reading the coy announcements and believing in them.
Look at their performance, how long since their first pour, the promises of how much production per annum, that for many years has never come to a fraction of what has been mooted.
It is seam gold, in narrow quartz veins, that go to extremely costly depths, with their own added complications.
It has been, and continues to be, beyond managements capabilities to be productive. And this has been going on for years. IMOO, your money could be better invested with something, anything, better than this dog. We are and have been in a credit difficult period for 3 years now. That is no time to be in cash strapped, non performing, highly spec stocks, as they get hammered the most, and when the bungy cord effect in the market overall comes back, they contuinue to lag, and dont make up the difference of more liquid coys.
Surely there is not much complimentary things to be said about this coy on HC, as most have woken upto it at some time.
Good luck if you pursue this, but I wouldnt personally touch it.
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