Obviously, Tree2tree's disinformation campaign did not have the desired effects. That said, the SP may be bottoming out, but the trading volume is too low to be a capitulation. Now we have a favorable environment for buyers who want to continue to increase a position on the backs of the weakest, and take advantage of the presence of Anonymous who tries to control the price. That said, be wary of qualitative analyzes based on SP, rather than fundamentals.
Now that the apple tree has been shaken, and the best of this harvest has fallen into Anonymous' basket, it is important to understand that it is clearly insufficient, and that time is PLAYING AGAINST HIM.
As indicated in the press release of January 24, 2024, gold production for the year 2023 is up 11%, and sales are up 7%. These are good results, but with better understanding you realize that these are GREAT RESULTS.
These results are great because in fact, gold production began in 2023-Q1 with 11,735 ounces of gold; followed in 2023-Q2 with 12,410 (+5.75%); followed in 2023-Q3 with 13,375 (+7.77%); then 14,306 (+6.96%) in 2023-Q4. Observe the importance and consistency of progress from one quarter to the next. Comparing 2023-Q4 with 2022-Q4, the increase in gold production is 27.13%. This deserves to be called GREAT RESULTS. For those who fear that this performance is temporary, take a look at the press release of January 24, where it is indicated that "this performance today is the average for tomorrow."
Cleaned of its impurities, this market will finally be able to emancipate itself according to its good financial results, which will either be enhanced by an EBITDA of approximately $10,000,000 recovered from the depreciation of assets, or replaced by an agreement with the tax authorities of Mali .
Pity those who liquidated their securities, thinking that Nampala was going to close in 2026 under the influence of demagoguery, or out of ignorance.
GLTA