Quick Peer Comparison Going into 2019, page-23

is ajm actually cashflow positive?, I saw the tweet going around but certainly surprised if it is with such a major milestone not being followed up and in a formal announcement. If It is, well done,,,,TAw shouldn't be too far behine if it can get some more shipments out the door. Cetainly would be prudent to maybe have another offtake partner as the terms of this current one seems to allow the offtake partner to stretch out 60 days, time will tell on that one.

Saw the appointment of operations manager yesterday,,,,,,,,

I really liked the fact that if he is granted options he has to pay for them,,,,,none of that free stuff that used to be given out at AMAL to some ppl or as usually seen around the market place. If this individual can deliver , and then stump up some cash to get some equity, good imo……………….

Mine life, well its already at 9 plus years,,,,,,most of the mine life are a crock if you as me, I know one major global powerhouse with more resource and reserves in the gold space than anyone apparently,,,,,,,but it cant make a real profit (net nothing in years),,,someone like SBM with apparently a crap mine life is creaming it on a comparison basis...………………but I digress

Anyway, despite AMAL being told there was nothing left, and company not spending millions on formal DFS, its has certainly cranked out a fair bit of revenue, and its financials show its losses are quite low, a further ramp up of production will get it to break even excluding merger costs.

As a group, we are all getting hammered,,,,

I don't actually care what our local competitors do, hoping we can all profit in the future from what is a global change towards cleaner power.

rant over, carry on