Told you Bombore is full of shallow high grade depositsthat can be added to the hopper to add 10,000's of oz a year to base projections. I mean, these results are absurd in that they are so shallow. Bombore is golden.. Management isn't. He's dilluting by paying interest payments in shares, if you can believe. All expenditures should come before making interest payments with shares. HE JUST DOESNT GET IT!!! Add a few more months to buidling the expansion if you have to. Stop the dilution.
I wouldn't be surprised if he is going to use the good news to drop some kind of negitive news.
The other hudge risk here is country risk, I think he's been under playing this. I have no iidea how long the gov't countinues to act responsibley. There is nothing to prevent them from jackiong up royalites, etc.
Along those lines, this bank all of a sudden wasn't willing to caugh up the cash for the full expansion--when on the face of it, it was a no brainer if you are a regional bank in the busines of lending money in Burkino fasto--. i.e if it was business as usual.. We are not talking about your local TD branch The reason make sense in that, they likely aren't about to lay out any more money given the shakiness of the situation.
IT's all about managment risk and country risk, Bombore itself is a GOLD MINE.