With the gold price at A$1,860 it would be pretty hard to stuff...

With the gold price at A$1,860 it would be pretty hard to stuff this one up from here.

A couple of dates hanging over the company at the moment.

21 February 2019 - Close of SPP to raise $3 million

5 March 2019 - Vote on board spill by requistionists (I'm voting against them at this stage)

Then there is the question of when and how they raise the shortfall in construction funding and how much that will be given that up front costs have been reduced due to the change from owner operated mining to contract mining.

You would think they might want to put some sort of positive spin on progress before launching any raise.

Still no word on the price at which the 250,000oz LOM mandatory hedging will be done at. Apparently that depends "upon satisfaction of certain conditions precedent".

Tramore resource program also starts in March.

It's hard holding these stocks during the orphan period but this one has most of the boxes ticked. Things just seem to progress at a glacial pace and having been rudderless and having wolves at the gate hasn't helped.

Hopefully this new guy can get a decent team of managers in place. I'd rather see the blokes on the ground well recruited and well paid instead of the CEO. He really hasn't brought much to the party as of yet to deserve such a large salary. The reserves/resources are in place, most of all the permits are in place, the bulk of the project funding is in place. Esh