Dear Tree2tree, this is a great twist that you have given us here.
Stating bankruptcy, to make the gullible believe that the end of humanity is upon us, it's your idea. You used the same ploy at the end of 2023, announcing the end of the partnership with Taurus; or by distorting an increase in mineral resources into who knows what.
What concerns Nampala in this press release is part of the auditor's informational part, taking into account the upcoming publication of the annual financial statements. Whether for an increase or depreciation of assets, it has no impact on cash flow, and no impact on current operations.
In Mali, the tax authorities have the objective of increasing state revenue, and all companies in the mining sector are concerned, without exception. That said, the message has been sent to shareholders AND to the authorities. From now on, the objective is to obtain a long-term agreement with the tax authorities, to the satisfaction of all parties, which could reverse this accounting entry which once again will have no impact on cash flow.
Regarding the Kiniero project, the progress report is well detailed, and we will arrive in October with the revised configuration of the factory. The idea of this new configuration is the consequence of the excellent drilling results obtained in the Sabali Sud and Mansounia zones. As things currently stand, Robex is moving towards a production capacity of ~120,000 ounces of gold per year. With the new configuration, how much will it be? Probably 150,000 ounces of gold or more.
That said, earthworks continue; access roads and anything in the ground. For above-ground infrastructure, the final parameters will be established in October, in combination with long-delivery elements stored, ready for installation. This is not a project that will fail, but an optimized factory that is being set up.
In the category of gold miners, similar in size to Robex, the objective is to build a factory, whatever the cost. Robex stands alone, a consequence of the cash flows coming from Nampala; drilling results above expectations on Kiniero; financial support from Taurus Mining; and these 2 strategic investors, Onex Mining and the Cohen group. That said, this is how it happens when we have an exceptional project, with financial capacity, WE CAN CHOOSE. The revised schedule, with a view to building a larger factory; even more profitable; capable of extracting the maximum amount of wealth in a reasonable time; that’s what the big gold companies do.
In short, there is another opportunity to participate in this fantastic project, at a reduced price. It requires patience, as always, which any INVESTOR can understand.