Post by
TeamEddie on Jan 09, 2020 5:09pm
Processing of ore
The processing of ore will start in early Feb
Comment by
tony1969 on Jan 09, 2020 9:09pm
Is that your guess TeamEddie or did you get it from IR? I read (seeking alpha) that they will likely start with the 1.1m tons of ore stockpiles they have and that it should last them about 10 months. They should give us an update soon.
Comment by
effectemergence on Jan 10, 2020 12:02am
100% they will be starting with the stockpile of ore I believe it is at 3.4 grams Thinking of taking a position myself and Eddie is correct "processing of ore at Boungou should start by February 15, 2020" it actually has to
Comment by
Royal10 on Jan 31, 2020 11:40am
Early Feb. is next week. I expect big jump when the news will be announced! So there is no downside risk but lot of upside. That's why I bought SMF yesterday around $2.75!
Comment by
Vicesetvertus on Feb 01, 2020 10:42am
This post has been removed in accordance with Community Policy
Comment by
trebor157 on Feb 01, 2020 11:51am
....bought 2500 ...hoping for positive news soon ..cheers!
Comment by
TeamEddie on Feb 03, 2020 10:06pm
big ridk if they cannot get a deal for military escorts they cannot start mill and will be in default of credit lines
Comment by
TeamEddie on Feb 03, 2020 10:07pm
big risk that is if they do not get an extension from MacQuarie
Comment by
Vicesetvertus on Feb 04, 2020 9:05am
This post has been removed in accordance with Community Policy
Comment by
uggg on Feb 05, 2020 12:45pm
Unless they come to an agreement with the government on protection of road access they will not be restarting processing. The big hang up is fuel shipments must go by road & they don't want to start processing only to stop when they run out of fuel. I don't see them meeting the Feb 15th date.
Comment by
trebor157 on Feb 06, 2020 11:11am
....good news finally!! Cheers