RE:RE:Probably yes, ppp, but impossible to tell....they are not offering 0.5 cyl yet. that is still highway robbery. sgi has 3x the production of cyl, 6x the gold oz, $300 mil infrastructure which is vastly more than cyl with no mill for marymia. and now cyl don't even have 100% of marymia! even at 1 for 1, that undervalues sgi.
sgi shareprice is low because of extreme fear, uncertainty, doubt right after the year of hell and fear of q4 financial report which may come out which everybody knows will look bad. fear to the point that they ignore the very high gold price that sgi is now selling gold at. when you see sgi reporting quarters of profit selling at high gold price, sgi shareprice will rise. just be patient.
this same management made a profit for the year before that year of hell. when sgi was making a profit, its shareprice went over $1.00 which is a 5 bagger from current 22c. don't listen to the LYING bashers who say sgi can never make a profit and that the year of hell repeats forever. the bashers were already proven wrong when sgi had that year of profit. your premise that this management can only do wrong is false when this was the same management that made a year of profit with shareprice over $1.00. as i have said many times, even the best management in the world cannot stop historically heavy rain, covid from reopening of w.a., inflation, gold price plunging to $1620 last year.
with current 2023 year production guidance and update, plus the current very high gold price over a$2900 (last year averaged near a$2600), plus the expected higher grade coming from mining new stopes in second half, sgi would surely show a profit this year. profitability is what drives the shareprice as always the case. profitability drove sgi shareprice over $1.00 with this same management not long ago.
don't settle for peanuts when you can get a multi-bagger. just have patience to see sgi show a profit this year. giving up and selling out to highway robbery right after the year of hell when the shareprice is at the lowest point is the dumbest thing one can do. the goal in investing is to buy low sell high, not sellout to highway robbers whenever something bad happens.