Pending News

The last announcement we had was the Quarterly Activities report released on the 31st January, from that report there is a lot of news to hit the boards, and it must be getting close now :


The were slated to do site visits of the ports early February, and as much as it would be a nice thing to announce that they have indeed been able to reduce transport costs, IMO, we won't be seeing that sort of information until the revised PFS comes out.
Ditto the fuel cost savings.

IMO also, I wouldn't expect to see any off-take agreements until a revised PFS -   unless someone like CATL/Panasonic/Europe/USA (plethora of options)get antzy and just off-take what we have regardless ....
The other news likely to be announced which could also come at anytime is of course all the approvals sitting on government desks.

From the announcement 23rd January:


Some information on Randgold/Morilla/Domba/BGS
Released 4th Quarter 2016.. page 6 - 3 months of feed

http://www.randgoldresources.com/si...ter ended 31 December 2016 English-LowRes.pdf

Released 1st Quarter 2017

http://www.randgoldresources.com/si...quarter ended 31 March 2017 English-HiRes.pdf

Released 2nd Quarter 2017 - its starting to get interesting!!!!!!!

http://www.randgoldresources.com/si...quarter ended 31 March 2017 English-HiRes.pdf

Released 3rd Quarter November 2017:

http://www.randgoldresources.com/si... ended 30 September 2017 English-LowRes_2.pdf

Released 4th Quarter

http://www.randgoldresources.com/si...ear ended 31 December 2017 English-LowRes.pdf

Point of all this was:
If the 40,000 Domba deposit would run for 3 months, started September and stock piling for the run.
BGS Gold will increase life of mine to end 2019 / early 2020 = (assuming Domba) is depleted after 3 months or even going to end of March, we are adding at least 20 months of mine life for 60,000 oz ???????
Hmmmmmm or am I missing something ?

All IMO only .......
cheers