Gldbrg.Gbl.Res Share Discussion Threads

[chipperfrd] 29/4/2016 13:29

RT,

Indeed, although last year they were not posted until 5.27 pm!

Could be the same today - perhaps with the auditors as we speak.
Chip

[roguetreader] 29/4/2016 11:37

On the basis it was out on 30th April last year, Results should possibly be out today?
RT

[chipperfrd] 26/4/2016 10:30

Last year it was on the 30th April.

[chrisdgb] 26/4/2016 09:41

Presumably we will be getting results soon..

[chipperfrd] 19/4/2016 15:58

Our time will come!

[chrisdgb] 19/4/2016 15:27

Lack of interest here continues...........

[chipperfrd] 22/3/2016 10:00

And so it should! At current MktCap the Seki in-ground resource is valued at just US$10/oz. Kara is in for free.

Good job there is no threat of a T/O as has happened with Amara (which was at a similar in-ground valuation without even a mine being built).
Chip

[chrisdgb] 22/3/2016 09:27

As always some newsflow would help mr market keep interested in this one but still well supported with the firmer gold price.........

[sandeels] 17/3/2016 17:48

From memory and as you no doubt know, stage two of the u/g access is due to be completed in May allowing for the development of the u/g to full capacity of 100koz pa in 2018, more updates though would be welcome but to give them credit when we do get news it's usually good.
Kara seems to be disappearing over the horizon, original est was for a CPR in 15, now it looks like they are still focused on Seki and there is nothing to suggest they've even started the CPR, so unlikely before H2 16...if we're lucky. Despite that, plenty to look forward to.
Is there political risk associated with ageing president Nazarbayev? Hard to know who will succeed him and Kazakhstan is, after all, hardly a liberal democracy...

[chipperfrd] 17/3/2016 16:05

Near-term news awaited:
- 2H15 Operational report
- Progress on Kara CPR/drilling results/subsoil license
- Agreement for UG debt drawdown facility - although 2016 Capex requirement looks to be covered by the bond issuance.
- Seki deep drilling results
- Seki progress on UG access and commencement of log-hole stoping
etc

Just some of that would be quite welcome at the moment.
Chip

[sandeels] 17/3/2016 13:53

Koos Jansen - 'Kazakhstan and China join forces in the gold market'



More demand from Asia/Eurasia.

[chrisdgb] 08/3/2016 08:25

It certainly will be a multi bagger if the gold price carries on like this....!!

[sandeels] 03/3/2016 13:19

Chestnuts, you don't know, nor do I. We can all speculate til the cows come home, what does it change or achieve...nothing.
Count your blessings that this company is sitting on a great resource, with the promise of even greater things to come in Kara, we are fully funded for 2016, and there is a good chance PMs are going to move higher as the u/g comes on line.
GBGR has a better chance than most of becoming a multi-baggaer over the next few years, just do the earnings model. So why not forget about the 'big boys' (whoever they may be) and buy in or ship out?

[vish65] 02/3/2016 17:39

I'm sure most lenders were thinking - you don't need us . Which has proved to be the case.

[chestnuts] 02/3/2016 16:39

Chip

They took a full listing to probably try and borrow money, but no one seems to want to lend them money, and yes i have repeated the same line, probably because the big boys think the same thing or they would have lent them money. Or maybe the big boys insisted that AR reduced there % of holding before investing, But they have to keep increasing because of the above.

[chipperfrd] 02/3/2016 12:07

chestnut,

You just keep repeating the same old tired line!

If they had wanted to take it private they could have done so at anytime since they first took over HMB. So far, it is AR who have ploughed lots of their cash into this venture, otherwise it would have likely gone bust. One can understand why they have done so if you take the time to look hard at the fundamentals.

Trouble with running a private mine is that your P/E is just 1. Whereas, a successful miner can be priced at many multiples of earnings. Why do you think most are listed!

Anyway, you are entitled to your opinion and I am entitled to mine. The big difference is that I have skin in the game and you don't. So why do you think I might be interested in hearing the same old line yet again.
Chip

[chestnuts] 02/3/2016 11:40

Chip

Its very difficult to borrow money and i dont think AFR wanted to finance the debt, and the market is worried that AFR will just take it private.

[chipperfrd] 29/2/2016 15:14

I am assuming that external debt finance will occur on top of this bond. They just need to arrange draw-down facilities to be used to supplement cash flow. And for the size of this project, the required amount is not a lot in the grand scheme of things.

In the meantime the US$10m bond will keep the UG development going and will also ensure that the EBRD loan is cleared in 2016.

It's a good job that AR has the deep pockets to fund this - just like they did with the Kara gold field project.

As usual, GBGR continues to fly under the radar of the wider market given the real lack of investor interest here.
Chip

[sloppyg] 29/2/2016 14:12

Obviously great to get the continued backing of the major shareholder at a premium to todays share price

Perhaps some are wary of the increasing shareholding of AFR. Assuming they convert then will be at c.70% holding and if a similar deal is struck next year for o/s capex then they will be getting very close to 75% holding. At that point have sufficient voting rights at special resolutions to basically do what they so wish.

On that basis perhaps the market was hoping for some pure debt finance from other parties.

[chrisdgb] 29/2/2016 13:43

All looks good stuff, surprised not more positively met...

[sloppyg] 29/2/2016 13:02

So on the assumption that AFR chose to convert then it's akin to a placement at 3p so c.15% dilution.

Covered now for 2016 which is great and then I guess same gain required for 2017. Would be nice for the SPFIID to offer up some cheap debt finance in combination.

[martincc] 29/2/2016 12:47

Funding (for 2016) via a convertible bond with African Resources. So far so good.

[sloppyg] 24/2/2016 09:28

Indeed all helps although cannot quite remember all those profits from 2013/14 !

It did however jog my memory and may tie in with the Seki mine being included in the state funded program (SPFIID). As a reminder from previous RNS....

This long-term programme is a government effort to boost projects that have strategic importance for the Kazakhstan economy. The SPFIID was established in 2010 as part of President Nazarbayev's initiatives for modernization of the Kazakhstan economy and pledges state support to selected projects by providing financing facilities such as grants and low interest loans, infrastructure development and policies to remove bureaucratic hurdles.

[lfdkmp] 24/2/2016 07:27

Awards!

Bit of a change from tailings dam fine days!

[chrisdgb] 19/2/2016 08:19

Gold price is looking well supported in the current economic phase, should help the development plans etc...