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24/02/19
23:10
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Originally posted by Grooveamarda:
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Good discussion everyone. Just putting this out there, the 2018 accounts will likely be out this week. Headline numbers should look like... Gold Production = 43,243 Silver Production = 131K Revenue US$55.7M (Up $1.5M form 2017) Plant Throughput 623K (t) Production Costs = US$31.5M Cash on Hand = US$9.7M Outstanding Debt = US$6.01M (Note: BJ is owed US$780K, part of the shareholder loans) Wonderings... Plant salvage value US$10M was recorded in 2017 accounts. It will be interesting if that salvage number remains constant The two dredges alone are worth US$1.9M New. They won't be required going forward, so will be sold regardless Appreciate more detail regarding the remaining tonnes to be processed and grade indication Commentary regarding the US$12M litigation with DR Govt Receive an update in relation Power Provider (Force Majeure Notice in Sept 2018) When will the shareholder loans be paid back, as they don't appear to be needed at this point in time
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I suspect chairman will offer to swap the shareholder loans for equity. He would like to pay 3c or thereabouts for shares that have value above this. That was his strategy is recent capital raising. It will require shareholder vote but likely to get yes vote.