Well i guess....I'm not the only one kind of disappointed from this NR, the market is not reacting whatsover and no volume at all..
As usual Phil can't wait to get your point of vue since you understand alot more with the number crunching, there is something in the NR that stuck out for me towards the end of it...
"an operating mine that produced 50,348 ounces of gold in 2020"
Correct me if i'm wrong Phil , Q1 14 918 ounces produced
Q2 13 921 ounces
Q3 18 121 ounces so for a total of 46 960
so Q4 3388 ounces?? was it a typo or my calculations are way off...
Love the fact of the opening of 4 new pits around the main one...amazing good news!!!
Loved the increase of 9% of the new 43-101 compared to the one in july 2020
Acquisition of another permit Gladie?? at what cost? to be put on the shelf with our Diangoute ..Sanoula...Mininko..and Kamasso permits?? "With the completion of prospecting work, we have temporarily decreased the number of drilling machines in operation to one to focus on the significant investments required for stripping. Once this is completed, it will allow us to access 4 pits opened during our 2020 stripping campaign. This significant investment is self funded and will increase our cost temporarily because of waste rock excavated and lower production of gold before reaching the deposit. This has thus significantly but temporarily increased the daily tonnage of waste rock excavated."
Phil does this concern for Q4? or Q1 or both ?
Now i kind of get the fact there was no Q4 update in feb, from the looks of it won't be that amazing...so nicely packaged with this NR ( good news ..bad news like i said)
Also I get the dump on march 12th with over 1M shares trading volume when our 30 day average was 145k shares ...
Let's see our final 2020 year end numbers how they will turn out out by end of april
Let's see if any news on dividends will come out ...my guess hopefully for Q2....(since Q4 and Q1 don't look amazing and 1 is over tomorrow)
IMHO Q2 will be awesome...
Future looks more promising, short term will be quiet unless they pull a rabbit out the their hat..(div)
Can't wait to see your imput and your analysis Phil, i hope most of you know i'm not a basher of RBX, been in it since 1998 and not 2019 with 0.07 cent shares...we've been in a somewhat of rut since last August with 3 back to back Q's and maybe 4 with nothing great... i just like to question or challenge when things are not too rosy !
GLTA regards stud