AAU antilles gold limited

mdc, Yes one would hopefully expect soon some sort of ann...

  1. 109 Posts.
    mdc, Yes one would hopefully expect soon some sort of ann regarding production for September. If they are going to release then one would expect so very soon, if not, we may have to wait until after the larger mill is installed after 24/10/12.
    One announcement in 2 if you will. It would however be nice to be informed way one or another whether the projected 2000z for September has been achieved.
    The real story however, and ipso facto, meaningful appreciation in the share price will only come about once reported problems have been ironed out and we achieve steady state production of 5500oz per month. Then we can get recovery rates, costs, grades etc.
    From the timeline of the new mill being installed, I would not envisage the above criteria to have any degree of reported accuracy until sometime in the first qtr 2013.
    I will assume if all goes well that we can produce 5500oz for the 1ST TIME in the month of December 2012. Another 1 or 2 months of this should enable us to get a good handle on recovery, grades and costs.
    Have to wait til then I reckon for any significant re-rating of the SP. Hopefully the POG will continue its slow trajectory to $2000oz in the meantime.

    GLTAH
 
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