||EPS - Basic
||Market Cap (m)
Gldbrg.Gbl.Res Share Discussion Threads
Showing 526 to 549 of 550 messages
|Good to see they have clarified the AISC numbers via the most recent RNS today
Once they can get c. 40,000t/month of ore out from the underground at something near reserve grade, they should be well on their way to starting to meet their CAGR growth targets. The year-end production report followed (eventually) by their financial report for FY16, should also (hopefully) start to indicate the beginning of the turnaround.
The gravity circuit required for separating the 'free gold' in the ore should not be much of a financial burden as it is relatively simple technology that is used extensively worldwide. The resulting positive outlook for overall recovery is certainly very welcome and should payoff the additional expense pretty quickly. So good news in my view - but I am a bit surprised that the 'free gold' issue was not spotted much earlier as I would have thought it would have shown up in drill cores and development mining. But better late than never!
Good to have an expression of management intention regarding dividends - but it may take a little while yet for that to become a reality!
|After two or more years with very little info or updates from the company we have now had three updates on progress in three months, lets hope this is permanent change towards greater transparency. On the face of it the update looks positive and reflects progress towards the the 2019 objective of 100K Oz per annum which seems to be on track.
I'm not an expert but the report of 30% free gold looks to be good news(?). The bulletin states company have ordered the equipment to undertake gravity concentration extraction to process the free gold. My only concern here is that they have a pretty tight capex budget and whether this is factored in and if not how much additional capex may be needed.
They also state they are looking to get the cash cost down to $900 per Oz by 2019, is this a typo? the graph from the presentation in June 2016 suggests that the cash cost per Oz would be around $500 - $550 per Oz by 2019.
Nice to see they have committed to a dividend policy this early, although I'm not expecting a net profit any time soon.
|Well , that looks like they're going to start paying a dividend . . . .|
its a worry
|lol, alot of buys at the current level. We could see 2.5 today and if we break that..................
|Edit.. 2.5p as no traction ;-)|
|I know. Good luck all ;-) this will be 2p soon..|
|Meanwhile we are on the cusp of a break out!|
|Handlebar, not many shares to play with|
|Good upward trend. This rises sharply ;-)|
|Still quietly ticking along, good to see 2p on the ask again.|
|Great RNS with many more RNSs due in before the year is out, 100k ounces per annum. What will that do to the sp?|
|Very good rns IMO and promises of further update later in the year
|Erm, is it BOOM BOOM time again?
|We could certainly do with an operational update. It is surely time for them to report quarterly rather than 6 monthly.
They were predicting c. 45kt/month from the U/G 5 months ago. But nothing heard since.
So come on GBGR, let's have some information regarding progress underground.
|Interesting bit of price action following the POG mark down.......perhaps some activity of interest happening in the background|
I'm no expert but my take on the statement above would be that they are probably looking to target higher grade stopes early as part of the mine development approach to get a profitable stream of cash to pay down debt and become cash positive as soon as-is feasible.
|"The Company intends that the Sekisovskoye deposit shall become a selective-mining underground operation. "
In other words, a lot of the deposits are economically unviable ?|
|Yes RT. As expected, a poor 1H16 with everything now hinging on future results from the underground.
No guidance on 2H production, so we are left with very little to go on. This company certainly cannot be accused of being 'promotional' in their reports!
Probably better to view GBGR as a new start-up which happens to have reserves of 2.3m oz and infrastructure and Processing already completed with relatively minimal debt (c. US$18m).
In-ground M.I. resources are currently valued at US$22.9/oz.
Let us see what 2017 brings!
Don't have anything near your portfolio but I am following a number of other PM stocks. This one is probably my smallest in terms of value. I will consider topping up further if it dips down to or below 1.5p. And am prepared to wait out to next year assuming no significant negatives arise beforehand.
Yes, very frustrating!
IF the investment case is eventually supported by mine advancement then this remains very undervalued (IMHO). Hence I am continuing to work to the same plan - ie buying dips every -7.5 to -10% and then recouping my cash when it eventually gets a decent bid, with consequent 'free' shares then bolstering the pot.
However, given the lethargic pace of reporting (and especially financial reporting) it remains likely that improvements to the balance sheet and P&L will still take until Spring 2017 to work through. 1H16 financials are not likely to be up to much because of the final O/P depletion and (hopefully) improving tonnage and grade from the U/G will not show through until all the 2H16 figures are eventually reported - so probably not until late April 2017.
I can certainly understand why people would prefer to switch to a stock with better PR/reporting and where shares are up-trending, so suggesting yet more patience is probably not what anyone wants to hear!
For myself, I do hold a lot of other PM stocks, so holding a laggard like GBGR is not so bad when viewed 'in the round'. Hence, I intend to just continue in the same fashion and wait and see what 2017 brings.
The No-News has been a feature for a while. A somewhat baffling one, as following their move to the main board some time ago I thought it was going to be a precursor to more regular and informative news flows to shareholders. As a result I'm sitting on my small position until it's clear what progress is actually being made.
|The No-News syndrome is really hurting GBGR at present, with other investing opportunities out there. Time to read-up some more and see if this is an opportunity?Cheers, tightfist|
|Thank you for the mention 'sloppyg'!
Yes, the in-ground valuation of M.I. resources does provide the potential for significant upside if they can get the UG working to plan.
However, given their propensity for minimal RNS's and their slow reporting of financials, it may take quite a while for the expected improved results to work their way into the market consciousness.
In the meantime it would be really good if, at least, they could report when UG ore has reached the c. 45kt/month level as mentioned back in late April. That would be a good indication that they are on track to reach their initial target rate of 500ktpa.