Market sold off ahead of the quarterly report….
due to lack of trust (Management) (e.g. updates) as by now every month we got a production update and they simply decide to skip it for what reason ever, maybe the bonus was to less ? ... + the shabby DSI 2016 old bullshit case they try to roll up again
a mix that the market does not like
but what markt will like and LG is only 80% rigth .... are facts, figures & numbers... if they are indeed good in this quaterly...
looking on the pictures from Thailand (FB groups) it looks indeed business as usual.... so nothing to wary1
Production October confirmed + 3,000 ounces = approx aussie $9,000,000
Production November estimated + 5,750 ounces = approx aussie $17,000,000 (cons. PMR, 6 weeks till payment)
Production December estimated + 4,000 ounces = approx aussie $12,000,000 ( cons. PMR, 6 weeks till payment)
+ $6 million cash left before recent loan (estimated)
+ $15,000,000 loan drawn down (could only have been a back-up, risk mitigation loan as they always thought we might need no loan, anyways)
Cash total + $21,000,000 is EXCELLENT and Expecting lots of bullion & Dore (partly november23 + december23 + january 24)
and if cash is greater han 21M cash --> that means plant #1 basically finished and it was indeed just a risk mitigation loan
ok my boys Akara miners gold pour days calender 2024 is out....
January 2024 (only one pour left) before we hopefully turn on plant 1 too
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