Thanks, Dirk.
I, too, wish Sam Pataki all the best in his future endeavours. I never had any conversations/contact but he struck me as a competent individual burdened by lesser lights who had risen within the organization to levels far beyond their talents. The Peter Principle in action. ( Google that if you're unsure).
I entirely agree with the comments of Esther and Sam that the forthcoming new Haile study will determine the immediate future prospects of this company's stock price.
For those who don't know, the "old" Haile study was announced by news release 23 September 2020. If you are a casual investor like myself, I suggest you read that news release. Especially page 6. If you're a keener, be my guest with the entire 43-101.
The calamitous numbers envisioned in that release are of course outdated. It was envisioned that over the next few years, "growth" and "sustaining" capital for 2021-2023 would amount to approximately $155 , $105 , and $90 million (US) . Let's look at that again: $350 million US.
Thanks to Dirk and Sam, we know:
"We have already flagged higher costs and capital than what was in the previous Technical Report. What I can also say is that there is a lot of guessing out there in the market with respect to the results of Haile. What I have heard from investors and analysts is a wide range in the value of Haile with one extreme being that we will cut the value of Haile in half (current book value is just over $1bn) while some believe something a lot less. I believe (just my guess) the market is pricing in a worst case scenario. If this istrue any bad news related to Haile will still result in a negative reaction to the share price."
Have a good day!