rRomeo29
24 Jan 2017
Re: the next steps ahead Knocking on heavens door again, 0.99p.24-Jan-17 / 10:20:440.97p5,000,000Sell* 1.001.0248.50k
KJK17
17 Jan 2017
Water level drop by 8.6 m In just over two weeks. [link]
KJK17
16 Jan 2017
Re: Water levels rose now reducing faster Website update water level now down to 142.84 meaters, Down 8.6 meaters in just over two weeks.
KJK17
13 Jan 2017
Re: Bergen - The Ghost of Christmas past I hope the same happens with Bergen here the sooner the better.Thats a good link to what can happen here.Nise to get good RNS but it happens so offtem it fallows with a kick in the nuts.
citychap2011
12 Jan 2017
Bergen - The Ghost of Christmas past I had hoped we'd finished dealing with Bergen by now, but no, more shares for the death spiral provider (see Savannah Resources 2014 [link] If they are true to form they will get shares at 80% of the average of five daily volume-weighted average prices of the shares and dump them at the market price, which may drag our share price lower, unless there is a flow of good positive operational news to prop up the share price. I expect it's Bergen's selling that has contributed mostly to the last decline in the share price.IMHO. DYOR. Good luck all genuine investors.
citychap2011
12 Jan 2017
Mine waste dump gold grade Thanks KJK7. Good point. A average gold grade of 0.7g/t is good, but an indication that the grades can be upgraded to 2.5 to 5 g/t would be great, if achieved.Hopefully the metallurgical test work on the concentrate material achieving an encouraging recovery outcome from 88-97% will be realized at full scale, given the outcome was achieved under small scale test conditions.IMHO. DYOR. Good luck all genuine investors.
citychap2011
12 Jan 2017
Water levels rose now reducing faster Thanks KK17. You raise a good and fair point. Yes I agree despite water levels rising significantly, due to the heavy rain fall, from 160,67m in Nov 2016 to 134,34m on 1 Jan 2017 (which was higher than 21 Feb 2106 145,28m), the rate water levels went down last week was faster than the rate of the winter rise. I assume this shows that the pumps are effective and hopefully the rate is sustainable 
)IMHO. DYOR. Good luck all genuine investors.
rRomeo29
12 Jan 2017
Re: A big drop in water levels + Sp Back to where the Sp - and the management - belongs.
KJK17
12 Jan 2017
Re: citychap2011 PS on the dumps if you read the RNS on 6/10/16 it gives a clear indication that 0.7g/t can be upgraded to 2.5/5gt
KJK17
11 Jan 2017
Re: citychap2011 The point I was trying make that since January the water levels have dropped by five meters in a week which is a big drop I also except that December was a big disappointment with the levels in which the share price fell to 0.96 and some long term holders through in the towel. Sorry I will not use thread "water levels have risen"as I think it would have been appropriate in December BUT not now as it send the wrong message. On mine waste dumps I think they will get a lot more out of them than 0.7g/t as in 1890 /1900 Not very efficient at recovering all the gold also its crushed material so I do not think it will need to through a mill.
citychap2011
11 Jan 2017
Water levels have risen Thanks KJK17 for posting a link to the most recent water level data:[link] the one for 2016:[link] have provided some of the figures below. My understanding is the further the water level below the surface the better. Therefore in accordance with the RNS the water levels started at 145,28m below surface in Feb 16 and went down during the year 160,67m by Nov, but then rose again (closer to the surface) due to the heavy rain in the last two months 22-23 Dec 143,20MThe water levels for Jan 2017 have risen higher than December to 134,34M below surface. They are starting to go down again, but at 139,34m for 8 Jan that level is still higher (closer to surface) than the end of December. Do you agree?In any case we aren't mining much underground, because the gold price isn't high enough yet compared to the cost of mining it (all-in cash operating costs per ounce US$1,643 Jun 2016), so toll treatment is keeping the company going. One of our peers Goldplat have been doing this profitably.0.7g/t from the Mine Waste Dumps appears to be good. Compare this to wannabe miner Greg Kuenzel and Noricum Gold where they claimed "additional significant near-surface gold sulphide mineralization" with a gold grades of between 0.18-0.23g/t in Georgia.All IMO. DYOR.Good luck all genuine investors.21-22 Feb 16: 145,28m22-23 Mar: 141,92m22-23 Apr: 143,08m22-23 May: 147,30m22-23 Jun: 148,60m22-23 Jul: 149,26m22-23 Aug: 152,20m22-23 Sep: 155,21m22-23 Oct: 158,78m22-23 Nov: 160,67m22-23 Dec: 143,20 m1-Jan 2017: 134,34 m8-Jan 2017: 139,34 m
rRomeo29
11 Jan 2017
Re: A big drop in water levels All very interesting about the sudden drop.Anyway, first bullish alerts on the cards.---------- ---------- First bullish alert IF this climbs above 1.15p.Trailing stop buys make sense as from 1.25 and 1.30p. Just in case there will be a sudden recovery (for whatever investment reason).
KJK17
10 Jan 2017
citychap2011 Today's RNS covered water levels up to December 31 in which water levels had risen, BUT in the last week water levels have fallen by 5 meters in a week, I do not believe gone down by that amount in a week before. This is a link form the company website .[link]
citychap2011
10 Jan 2017
water levels rise No, water levels have risen according to today's Operational update, which states "During the past two months, Johannesburg has experienced higher than normal rainfall, causing the water levels to rise to 143.2 vertical meters below surface, being the same level as at the beginning of 2016."
rRomeo29
10 Jan 2017
Re: A big drop in water levels Maybe its the currently hot summer weather in SA? : ))Anyway, great to see this important bounce-back!
