The pieces of the puzzle fit together one by one The arrival of Matthew Wilcox is excellent news, a credible person within the financial community, a man on the ground who has set up operations on a scale comparable to that of Kiniro/Mansounia.
By Friday, the bridge loan will be renewed and will be followed by the conclusion of the financing. Between now and the fall, the economic value will continue to improve, well beyond initial objectives, to determine optimal production capacity. The first gold pour is still planned for 2025-Q4, without change.
Concerning the sale of Nampala, and other assets in Mali, this is justified by the exceptional quality of the Kiniro/Mansounia project. Each $ invested in Guinea will yield greater results than if they were invested in Mali. In other words, the economic efficiency of Nampala will migrate to Guinea, for better and for longer.
In addition, we can assume that the assets in Mali will be sold for an "approximate" sum of 2 times the free cash flow, and that this money will contribute to the accelerated organic growth of Kiniro/Mansounia. No need to explain to you that additional investments in a factory already built allow you to obtain significant and immediate results.
Kiniro/Mansouia is on the way to becoming one of the major projects in West Africa.