More sells than buys and up it goes, got to love this share
I see there are some posters with egg on their faces here, well spotted Vin1 in that report, so the mines are interlinked which means that to pump out 1 mine area you are pumping out the whole basin from east to west!!!!! The amd is not going to go down but stay roughly where it is or maybe rise, this is one huge area with many inlets flowing in, this is just one massive amd pool. I am going to have to read that report again fully, this does change many things here, IMHO it's a massive Sell, Sell, Sell, S.A.G will struggle just to hold amd just below ecl!!!!!
Well I see Vin1 of lse has stolen my piece I was going to post tonight, would appreciate you did your own posts. Casual now defending a swimming pool which is bottomless, can't wait for people to rubbish what's in print, but they will try. Page 10 lets you know the rate of rise, page 11 shows the interconnections and page 13 shows amd just below ecl at that date, where is it now? S.A.G is not interested in lowering the amd, they are interested in holding below ecl only!!! if Crnd want to go lower they will have to buy extra pumps and treatment plant to cope with the outflows, yeh right that will happen, investing in a mine that has been losing money hand over fist, time is running out here!!!
Let people read for themselves and make their own minds up
mining weekly s.a. minerals and petroleum
I see the S.A.G have passed the mineral rights bill through, entitles them to 20% free ownership, all in the news of course
AMD plant still not up and running for another month at least
Court case Crnd lost against Puno with costs
Eskom power problems, like the smelters use to make gold ingots
Remember, read the news about the serious floods in S.A.