RE:RE:RE:so Chrony...what Q's are you asking at Webinar?Hey GripnRip - absolutely you are correct re: questions....I agree.
I's not about forgiving and forgetting - it's not a family squabble here. It's about whether or not the company remains on track. This is not the first or only junior resource company I have held/hold.....
You like your inflammatory tag lines "hook line and sinker". Did you just attend the webinar? I just got off from it....very informative, very open, and nothing - absolutely nothing - I took away from that indicates the company is off track, or not "running well". They've got plans, they're not putting the cart before the horse (e.g., Mungu drilling before UK results). Some key points I took away:
- expect to hear about gold results from the first month of commercial production (what you call hook line and sinker) by 2nd week of May +/-. That's like 3 weeks from today....very exciting. I believe Aneel used the term "pivotal announcement".
- between Cell 1 and 2 they can stack 980,000 tons of ore.....so definitely have enough ore in the piepline to alternate back and forth (before bringing other cells online) and seem to still maintain the 60,000 oz outlook this year because of that.
- updated resource estimate should come out approx 60-90days from end April
- CIL plant - target to have it up within 12 months (but ASAP) once they can confirm closer to 2million oz.
- The partnership and investment by Mongolian Investment bank has been nothing but "gold" (pun intended) for them...to navigate through the COVID times (e.g., Cyanide delivery).
- They will sell directly to the Central Bank = same day/next day cash for gold + favourable royalty rates (5% vs. 10% to export).
So I ask you - what did you take away.....let's here all the negativity. Oh and where are you getting "never run a gold mine before" - Aneel clearly identified the Ops Manager has run 8 other heap leach ops (including 1 IN COUNTRY = cold weather) plus they have Steve Haggarty on the board.....umm may want to check your facts a bit better on that one!
Chony