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DCTH too approve a 1 for 16 RS, just voted on it and sold my shares the other day, waiting too see if $.3's hold this time before getting back in
Unfortunate, other bio stocks can make big sustained runs and this one can't
Un friggin believable..how do people still buy that crap..can u imagine 300 mil in volume and it stays flat on the day..jees
SO awfull..
I put in 25 new orders today on the F tickers between $.0001-11's depending on how it looked
Thx for the DD on Boulder steel CO
TNLUF..say what? What's up there
Yes, give it more time and it will be alot lower imo
Doesn't look like QS is still here..
Just wait a few months and you shall see a lower pps...QS is the best for shorting a stock..I always wondered how this guy is still in the business
Lol! They should be, not doing much else except diluting this puppy, makes me sick
Yup, still holding, looking alot stronger this morning...GO DCTH!!
About time..needs to break $.3 and hold
Very frustrating watching this trade, just lil teases and when you think its going to run, poof it gets dumped back down..need to break the 50 for starters and then hold it...lets go DCTH
Hi Romang, Great!
Yeah they have been on the rise lately, not that they could go much lower anyways but still its a nice welcomed sign, esp since this was good part of my portfolio from last yr..Hope we hear something on the BP part soon!!
Thx again
Thx Romang. I hope someday we can get out of this mess with something to show, getting even would be awesome, I also did av down today..I understand its a huge long shot but I am hoping it can get me down low enough so I can get out earlier on some good news as well..
I hope so, I'm way way down on these bonds, it was the worst investment I made in 2013 and I keep holding out the slightest hope that we will see alil recovery here in 2014..no matter what I appreciate you keeping the board upto date.
Merry Christmas!
Yes, not approved yet but it looks like they will do this to keep there listing, still way oversold and looks like its trading below its cash per share now?
DCTH $.22 Way Oversold! Large short interest!
DCTH $.32 beaten down lately, trading right around its cash per share value, limited downside risk with good support, Atm shares were sold at $.36
Agreed, best way to pull of the scam of the century! I'm holding till they get cancelled or bought out, either retail or not doesn't matter..
DCTH Beaten down, presents value at $.3/sh
Close to trading around its cash per share value
Good bid support here..
GSS NEWS TODAY! Golden Star Announces a 45% Increase in Gold Ounces of Wassa Main Indicated Mineral Resource
TORONTO, ON--(Marketwired - Nov 7, 2013) - Golden Star Resources Ltd. (NYSEMKT: GSS) (TSX: GSC) (GHANA: GSR) ("Golden Star" or the "Company") is pleased to announce an updated Mineral Resource for the Wassa Main pit as at September 30, 2013.
Highlights of this announcement are as follows:
Indicated Mineral Resources increased to 46.4 million tonnes with an average grade of 1.75 g/t Au for 2.6 million ounces and are inclusive of Mineral Reserves
This is a 28% increase in grade and a 13% increase in tonnes over the Indicated Mineral Resources as at December 31, 2012
Company is evaluating the alternative of mining a higher grade portion of this resource at depth using underground methods which could enhance overall project economics
New infill drilling program to commence shortly on deeper high grade zone to identify underground potential
Sam Coetzer, President and CEO of Golden Star, commented:
"We are excited about the new resource estimate at Wassa Main. Compared to year end 2012, Indicated Mineral Resource grade has increased 28% and tonnes have increased 13%, resulting in a 45% increase in gold ounces. The updated Mineral Resource has been estimated using a more conservative gold price assumption and includes the year-to-date mining depletion. This Mineral Resource increase has significantly enhanced the prospectivity of the deposit at Wassa Main and we are in the process of determining how best to mine this resource to optimize cash flow. In addition to looking at this resource from the perspective of a large open pit, our technical teams are evaluating a combined open pit and underground mining alternative. The Company will commence a new infill drilling program to better define the continuity and geometry of the deeper high-grade zone."
Wassa is located in the southwestern region of Ghana. It has a single non-refractory processing plant consisting of a carbon-in-leach system with a capacity of 2.7 million tonnes per annum. There are currently two operational pits at Wassa -- the Wassa Main pit and the Father Brown pit.
MINERAL RESOURCES
Indicated Mineral Resources for Wassa Main (inclusive of Mineral Reserves) increased to 46.4 million tonnes at an average grade of 1.75 grams per tonne gold (g/t Au) for 2.6 million ounces. This does not include the Indicated Mineral Resource at the Father Brown pit which has not been updated since 31 December 2012 and was at that date 2.5 million tonnes at an average grade of 3.43 g/t Au for 0.28 million ounces.
The drilling program at Wassa Main was completed in June of this year and the Company has updated the Mineral Resource estimate with these results. The updated Wassa Main Mineral Resource has been constrained between the September 2013 month end mining surface and a $1,400/oz gold price optimized pit shell. It included data from 269 new holes totaling over 93,000 meters. Mineral Resources were also estimated at economic cut-off grades based on a gold price of $1,400 per ounce and on other economic parameters deemed realistic (as set forth in the notes below the following table). Mineral Reserves for Wassa Main will be updated at year end.
The Mineral Resource has been estimated by a third party consultant and reviewed by the Company's technical personnel in accordance with definitions and guidelines set out in the Definition Standards for Mineral Resources and Mineral Reserves published by the Canadian Institute of Mining, Metallurgy, and Petroleum and as required by Canada's National Instrument 43-101.
Table A
Wassa Main Mineral Resource as of September 30, 2013 Wassa Main Mineral Resource as of December 31, 2012
Class Tonnes
(000) Grade
g/t Au Ounces
(000) Tonnes
(000) Grade
g/t Au Ounces
(000)
Indicated 46,351 1.75 2,606 41,134 1.36 1,803
Inferred 323 1.32 14 12,857 1.61 664
Notes to the Indicated & Inferred Mineral Resources:
1. The above Mineral Resource as at 31 December 2012 has been restated to include Mineral Reserves so as to provide a direct comparison to the September 30 2013 Mineral Resource estimate which is inclusive of Mineral Reserves
2. The Mineral Resources were estimated in accordance with the definitions and requirements of Canada's National Instrument 43-101. The Mineral Resources are equivalent to Mineralized Material as defined by the Industry Guide 7 of the United States Securities and Exchange Commission ("SEC").
3. The Mineral Resources were estimated using optimized pit shells at a gold price of $1,400 per ounce inclusive of the Mineral Reserves as at December 31, 2012. In 2012 we used a gold price assumption of $1,450 to estimate Mineral Reserves and an assumption of $1,750 to estimate Mineral Resources. The updated open pit Mineral Resources were constrained using the deepest mined surface for the end of Q3 2013.
4. The 2013 Mineral Resources are reported above an economic cutoff grade of 0.62 g/t Au for weathered oxide material and 0.68 g/t Au for fresh rock. The 2012 cut off grades used were 0.55 g/t Au for weathered oxide material and 0.60 g/t Au for fresh rock.
5. The Qualified Person reviewing and validating the estimation of the mineral resources is S. Mitchel Wasel, Golden Star Resources Vice President of Exploration.
6. Numbers may not add due to rounding.
Figure 1 presents an isometric view looking north-east of the resource model showing block grades greater than 2.5g/t Au.
UNDERGROUND EVALUATION
In addition to reporting the Wassa Mineral Resource within a large open pit, the Company is also evaluating an alternative of mining a higher grade portion of the Mineral Resource at depth using underground methods. Pursuing this alternative may allow the Company to access this material at depth earlier in the life of mine of this deposit.
A concept level study was undertaken that split the Mineral Resource model into an upper and lower portion. Pit optimizations were run on the upper portion using the same parameters as the Mineral Resource stipulated in Table A. The lower portion of the Mineral Resource model was then reported outside of the smaller optimized pit at a calculated underground cutoff grade of 2.5 g/t Au and reclassified based upon the more selective criteria needed in underground mining.
Results for potential open pit and underground material in this scenario are as follows:
Table B
$1,400 Open Pit Potential Underground Resource Total
Class Tonnes
(000) Grade
g/t Ounces
(000) Tonnes
(000) Grade
g/t Ounces
(000) Tonnes
(000) Grade
g/t Ounces
(000)
Indicated 28,106 1.56 1,405 4,431 4.31 613 32,537 1.93 2,019
Inferred 30 1.51 1 2,659 3.70 316 2,689 3.68 318
The underground alternative is conceptual in nature and requires additional drilling and studies to determine the economic viability of underground mining of the deeper, higher grade portion of the Wassa Main Mineral Resource. However, there is no assurance that the Company will determine it economically feasible or otherwise appropriate to pursue this alternative of underground mining at Wassa Main, and there is no guarantee that the underground alternative is viable. The Company has plans to conduct further internal studies on this mining alternative.
Non-Reserve -- Measured and Indicated Mineral Resources
Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
This press release uses the term "Indicated Mineral Resources". The Company advises US investors that while this term is recognized and required by Canadian regulations, the US Securities and Exchange Commission does not recognize them. US investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into Mineral Reserves.
Non-Reserves -- Inferred Mineral Resources
Cautionary Note to US Investors concerning estimates of Inferred Mineral Resources
This press release uses the term "Inferred Mineral Resources." We advise US investors that while this term is recognized and required by NI 43-101, the US Securities and Exchange Commission does not recognize it. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of Inferred Mineral Resources will ever be upgraded to a higher category. In accordance with Canadian rules, estimates of Inferred Mineral Resources cannot form the basis of feasibility or other economic studies. US investors are cautioned not to assume that any part or all of the Inferred Mineral Resource exists, or is economically or legally mineable.
Statements Regarding Forward-Looking Information
Some statements contained in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Such statements include our Mineral Resource estimates and underlying assumptions and our plans to assess the underground mining alternative at Wassa Main and to drill at Wassa Main. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially. Factors that could cause actual results to differ materially include timing of and unexpected events at the Wassa processing plant; variations in ore grade, tonnes mined, crushed or milled; delay or failure to receive board or government approvals and permits; the availability and cost of electrical power; timing and availability of external financing on acceptable terms; technical, permitting, mining or processing issues; changes in U.S. and Canadian securities markets; and fluctuations in gold price and input costs and general economic conditions. There can be no assurance that future developments affecting the Company will be those anticipated by management. Please refer to the discussion of these and other factors in our Annual Report or Form 10-K for 2012. The forecasts contained in this press release constitute management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates and the results of conceptual studies will change as new information is received and that actual results will vary from these estimates and conceptual studies, possibly by material amounts. While we may elect to update these estimates or conceptual studies at any time, we do not undertake to update any estimate or conceptual studies at any particular time or in response to any particular event. Investors and others should not assume that any forecasts in this press release represent management's estimate as of any date other than the date of this press release.
Technical Information
The technical contents of this press release have been reviewed and approved by S. Mitchel Wasel, BSc Geology, a Qualified Person pursuant to National Instrument 43-101. Mr. Wasel is Vice President Exploration for Golden Star and an active member and Registered Chartered Professional of the Australasian Institute of Mining and Metallurgy.
For additional information regarding our Mineral Reserves and Mineral Resources as at December 31, 2012, please see our Technical Report titled "NI 43-101 Technical Report on Mineral Resources and Mineral Reserves Golden Star Resources Ltd, Wassa Gold Mine, Ghana Effective Date December 31, 2012", prepared by SRK Consulting (UK) Limited, which is available under the Company's profile at www.sedar.com.
Company Profile
Golden Star is an established gold mining company that holds a 90% interest in both the Bogoso and Wassa open-pit gold mines in Ghana. Golden Star also has a 90% interest in the Prestea Underground mine in Ghana, which is currently undergoing permitting subsequent to a successful feasibility study being completed in June 2013. In 2012, Golden Star produced 336,000 ounces of gold and the Company expects to produce 325,000 to 330,000 ounces of gold in 2013. For further information on the Company, please visit www.gsr.com.
For further information, please contact:
GOLDEN STAR RESOURCES
Jeff Swinoga
Executive Vice President, Chief Financial Officer
416-583-3803
Angela Parr
Director, Investor Relations
416-583-3815
Email Contact
Today's News: Golden Star Announces a 45% Increase in Gold Ounces of Wassa Main Indicated Mineral Resource[/b
Golden Star Announces a 45% Increase in Gold Ounces of Wassa Main Indicated Mineral Resource
Golden Star Announces a 45% Increase in Gold Ounces of Wassa Main Indicated Mineral Resource
TORONTO, ON--(Marketwired - Nov 7, 2013) - Golden Star Resources Ltd. (NYSEMKT: GSS) (TSX: GSC) (GHANA: GSR) ("Golden Star" or the "Company") is pleased to announce an updated Mineral Resource for the Wassa Main pit as at September 30, 2013.
Highlights of this announcement are as follows:
Indicated Mineral Resources increased to 46.4 million tonnes with an average grade of 1.75 g/t Au for 2.6 million ounces and are inclusive of Mineral Reserves
This is a 28% increase in grade and a 13% increase in tonnes over the Indicated Mineral Resources as at December 31, 2012
Company is evaluating the alternative of mining a higher grade portion of this resource at depth using underground methods which could enhance overall project economics
New infill drilling program to commence shortly on deeper high grade zone to identify underground potential
Sam Coetzer, President and CEO of Golden Star, commented:
"We are excited about the new resource estimate at Wassa Main. Compared to year end 2012, Indicated Mineral Resource grade has increased 28% and tonnes have increased 13%, resulting in a 45% increase in gold ounces. The updated Mineral Resource has been estimated using a more conservative gold price assumption and includes the year-to-date mining depletion. This Mineral Resource increase has significantly enhanced the prospectivity of the deposit at Wassa Main and we are in the process of determining how best to mine this resource to optimize cash flow. In addition to looking at this resource from the perspective of a large open pit, our technical teams are evaluating a combined open pit and underground mining alternative. The Company will commence a new infill drilling program to better define the continuity and geometry of the deeper high-grade zone."
Wassa is located in the southwestern region of Ghana. It has a single non-refractory processing plant consisting of a carbon-in-leach system with a capacity of 2.7 million tonnes per annum. There are currently two operational pits at Wassa -- the Wassa Main pit and the Father Brown pit.
MINERAL RESOURCES
Indicated Mineral Resources for Wassa Main (inclusive of Mineral Reserves) increased to 46.4 million tonnes at an average grade of 1.75 grams per tonne gold (g/t Au) for 2.6 million ounces. This does not include the Indicated Mineral Resource at the Father Brown pit which has not been updated since 31 December 2012 and was at that date 2.5 million tonnes at an average grade of 3.43 g/t Au for 0.28 million ounces.
The drilling program at Wassa Main was completed in June of this year and the Company has updated the Mineral Resource estimate with these results. The updated Wassa Main Mineral Resource has been constrained between the September 2013 month end mining surface and a $1,400/oz gold price optimized pit shell. It included data from 269 new holes totaling over 93,000 meters. Mineral Resources were also estimated at economic cut-off grades based on a gold price of $1,400 per ounce and on other economic parameters deemed realistic (as set forth in the notes below the following table). Mineral Reserves for Wassa Main will be updated at year end.
The Mineral Resource has been estimated by a third party consultant and reviewed by the Company's technical personnel in accordance with definitions and guidelines set out in the Definition Standards for Mineral Resources and Mineral Reserves published by the Canadian Institute of Mining, Metallurgy, and Petroleum and as required by Canada's National Instrument 43-101.
Table A
Wassa Main Mineral Resource as of September 30, 2013 Wassa Main Mineral Resource as of December 31, 2012
Class Tonnes
(000) Grade
g/t Au Ounces
(000) Tonnes
(000) Grade
g/t Au Ounces
(000)
Indicated 46,351 1.75 2,606 41,134 1.36 1,803
Inferred 323 1.32 14 12,857 1.61 664
Notes to the Indicated & Inferred Mineral Resources:
1. The above Mineral Resource as at 31 December 2012 has been restated to include Mineral Reserves so as to provide a direct comparison to the September 30 2013 Mineral Resource estimate which is inclusive of Mineral Reserves
2. The Mineral Resources were estimated in accordance with the definitions and requirements of Canada's National Instrument 43-101. The Mineral Resources are equivalent to Mineralized Material as defined by the Industry Guide 7 of the United States Securities and Exchange Commission ("SEC").
3. The Mineral Resources were estimated using optimized pit shells at a gold price of $1,400 per ounce inclusive of the Mineral Reserves as at December 31, 2012. In 2012 we used a gold price assumption of $1,450 to estimate Mineral Reserves and an assumption of $1,750 to estimate Mineral Resources. The updated open pit Mineral Resources were constrained using the deepest mined surface for the end of Q3 2013.
4. The 2013 Mineral Resources are reported above an economic cutoff grade of 0.62 g/t Au for weathered oxide material and 0.68 g/t Au for fresh rock. The 2012 cut off grades used were 0.55 g/t Au for weathered oxide material and 0.60 g/t Au for fresh rock.
5. The Qualified Person reviewing and validating the estimation of the mineral resources is S. Mitchel Wasel, Golden Star Resources Vice President of Exploration.
6. Numbers may not add due to rounding.
Figure 1 presents an isometric view looking north-east of the resource model showing block grades greater than 2.5g/t Au.
UNDERGROUND EVALUATION
In addition to reporting the Wassa Mineral Resource within a large open pit, the Company is also evaluating an alternative of mining a higher grade portion of the Mineral Resource at depth using underground methods. Pursuing this alternative may allow the Company to access this material at depth earlier in the life of mine of this deposit.
A concept level study was undertaken that split the Mineral Resource model into an upper and lower portion. Pit optimizations were run on the upper portion using the same parameters as the Mineral Resource stipulated in Table A. The lower portion of the Mineral Resource model was then reported outside of the smaller optimized pit at a calculated underground cutoff grade of 2.5 g/t Au and reclassified based upon the more selective criteria needed in underground mining.
Results for potential open pit and underground material in this scenario are as follows:
Table B
$1,400 Open Pit Potential Underground Resource Total
Class Tonnes
(000) Grade
g/t Ounces
(000) Tonnes
(000) Grade
g/t Ounces
(000) Tonnes
(000) Grade
g/t Ounces
(000)
Indicated 28,106 1.56 1,405 4,431 4.31 613 32,537 1.93 2,019
Inferred 30 1.51 1 2,659 3.70 316 2,689 3.68 318
The underground alternative is conceptual in nature and requires additional drilling and studies to determine the economic viability of underground mining of the deeper, higher grade portion of the Wassa Main Mineral Resource. However, there is no assurance that the Company will determine it economically feasible or otherwise appropriate to pursue this alternative of underground mining at Wassa Main, and there is no guarantee that the underground alternative is viable. The Company has plans to conduct further internal studies on this mining alternative.
Non-Reserve -- Measured and Indicated Mineral Resources
Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
This press release uses the term "Indicated Mineral Resources". The Company advises US investors that while this term is recognized and required by Canadian regulations, the US Securities and Exchange Commission does not recognize them. US investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into Mineral Reserves.
Non-Reserves -- Inferred Mineral Resources
Cautionary Note to US Investors concerning estimates of Inferred Mineral Resources
This press release uses the term "Inferred Mineral Resources." We advise US investors that while this term is recognized and required by NI 43-101, the US Securities and Exchange Commission does not recognize it. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of Inferred Mineral Resources will ever be upgraded to a higher category. In accordance with Canadian rules, estimates of Inferred Mineral Resources cannot form the basis of feasibility or other economic studies. US investors are cautioned not to assume that any part or all of the Inferred Mineral Resource exists, or is economically or legally mineable.
Statements Regarding Forward-Looking Information
Some statements contained in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Such statements include our Mineral Resource estimates and underlying assumptions and our plans to assess the underground mining alternative at Wassa Main and to drill at Wassa Main. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially. Factors that could cause actual results to differ materially include timing of and unexpected events at the Wassa processing plant; variations in ore grade, tonnes mined, crushed or milled; delay or failure to receive board or government approvals and permits; the availability and cost of electrical power; timing and availability of external financing on acceptable terms; technical, permitting, mining or processing issues; changes in U.S. and Canadian securities markets; and fluctuations in gold price and input costs and general economic conditions. There can be no assurance that future developments affecting the Company will be those anticipated by management. Please refer to the discussion of these and other factors in our Annual Report or Form 10-K for 2012. The forecasts contained in this press release constitute management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates and the results of conceptual studies will change as new information is received and that actual results will vary from these estimates and conceptual studies, possibly by material amounts. While we may elect to update these estimates or conceptual studies at any time, we do not undertake to update any estimate or conceptual studies at any particular time or in response to any particular event. Investors and others should not assume that any forecasts in this press release represent management's estimate as of any date other than the date of this press release.
Technical Information
The technical contents of this press release have been reviewed and approved by S. Mitchel Wasel, BSc Geology, a Qualified Person pursuant to National Instrument 43-101. Mr. Wasel is Vice President Exploration for Golden Star and an active member and Registered Chartered Professional of the Australasian Institute of Mining and Metallurgy.
For additional information regarding our Mineral Reserves and Mineral Resources as at December 31, 2012, please see our Technical Report titled "NI 43-101 Technical Report on Mineral Resources and Mineral Reserves Golden Star Resources Ltd, Wassa Gold Mine, Ghana Effective Date December 31, 2012", prepared by SRK Consulting (UK) Limited, which is available under the Company's profile at www.sedar.com.
Company Profile
Golden Star is an established gold mining company that holds a 90% interest in both the Bogoso and Wassa open-pit gold mines in Ghana. Golden Star also has a 90% interest in the Prestea Underground mine in Ghana, which is currently undergoing permitting subsequent to a successful feasibility study being completed in June 2013. In 2012, Golden Star produced 336,000 ounces of gold and the Company expects to produce 325,000 to 330,000 ounces of gold in 2013. For further information on the Company, please visit www.gsr.com.
For further information, please contact:
GOLDEN STAR RESOURCES
Jeff Swinoga
Executive Vice President, Chief Financial Officer
416-583-3803
Angela Parr
Director, Investor Relations
416-583-3815
Email Contact
Good catch my friend, I'm just curious, did anyone get back to you on this error or even acknowledge it?
I'm very surprised this hasn't chopped thru the $.5's yet, even worse is how its trading right now, I thought given the great report this would have popped but something is holding it back? Any reason why?
Tia
Btw, I can't watch it trade that much due to my job but seems like they are holding it back on purpose..jmo
GSS looking great Pre Market..beating estimates plus cost per ounce way down too $960 (down 29% from last Q)
Gold sold during the third quarter was 88,925 ounces, bringing year to
date gold sold to 255,377 ounces
-- Company now expects to exceed previously provided guidance and sell
approximately 325,000 to 330,000 ounces in 2013
-- Consolidated cash operating cost per ounce was $960 for the third
quarter, compared to $1,078 per ounce for the second quarter of 2013.
This third consecutive quarter of operating savings is primarily due
to the implementation of cost-saving initiatives, additional
production from the low cost tailings reclaim facility as well as
improved access to ore in the Bogoso North and Chujah pits
-- Net income attributable to shareholders for the third quarter is $3.5M
or 1 cent per share
-- Cash flow provided by operations per share of 8 cents for the third
quarter, compared from 11 cents per share in the second quarter 2013
-- Consolidated cash was $66.6 million as at September 30, 2013 with a
further $40 million available in existing financing agreement
-- Additional production from the tailings reclaim facility is yielding
positive results and is expected to continue for at least another five
years
-- Investment in the push backs at both Chujah and Bogoso North pits
continues to improve access to ore, the stripping ratio and
consequently mine operating costs expected to further reduce in 2014
-- A successful public hearing was held at Prestea South during the third
quarter allowing the permitting process to advance
Sam Coetzer, President and CEO of Golden Star, commented:
"The third quarter of 2013 was another strong operational quarter for the Company, as we continued to increase our consolidated gold production and lower our costs. Primarily as a result of improved production from Bogoso, we have increased our production guidance for 2013. Reducing the cost of our operations remains a critical element of the Company's near term strategy. We are proud to have lowered mine operating expenses for the third consecutive quarter. Consolidated cash operating costs per ounce also reduced 11% quarter-over-quarter, and most encouragingly our cash operating costs per ounce at Bogoso decreased by 29%. We expect to see further improvements in this regard. Our balance sheet remains strong, with over $67 million in cash and another $40 million available from our existing financing agreement. With strong production, reducing costs and a sound balance sheet, I am confident that we will conclude 2013 on a very positive note."
Morning QF...I agree the time will come when this board is full..this time should be coming soon imo..AH trade of 52mil 2's maybe now this lets us move up again?? either way I'm holding till we hear something from Wang and the details..
Nice post Chevy and another great analogy from ya, now all we need is a good PR on potential megers from the surrounding area banks and good financials and this should go
The rough waters are hopefully behind us and looking forward to catching a nice ride northwards over the next few years
Adding more here on any dips, pog rising and I'm hoping they come through with better numbers than the last few Q's..chart looks just about ready too imo
GSS $.5001 in slight consolidation mode until next leg up, break $.51-.52 and she should run..coupled w higher pog!
DCTH on bottom watch..down 20% pre market..
Delcath announces offering of 20.96 mln shares of common stock and warrants to purchase up to 9.432 mln shares of common stock at a combined price of $0.36 per share and related warrantFont size: A | A | A
8:51 AM ET 10/23/13 | Briefing.com
Co announced that it is raising ~ $7.5 mln in gross proceeds in an offering of 20.96 mln shares of its common stock and warrants to purchase up to 9.432 mln shares of common stock at a combined price to the public of $0.36 per share and related warrant. The warrants are exercisable beginning on the date six months after the date of issuance at an exercise price of $0.44 per share and will expire, unless exercised, on the fifth anniversary of the date of issuance. The net proceeds from the sale of the shares and the related warrants, after deducting the placement agent fees and other estimated offering expenses payable by Delcath, will be ~Â $6.8 mln, which does not include any potential proceeds from the cash exercise of any warrants.
Co intends to use the net proceeds from this offering (including any resulting from the exercise of the warrants, if any) for general corporate purposes, including, but not limited to, funding of its clinical trials, commercialization of its products, obtaining regulatory approvals, research, capital expenditures and working capital. Roth Capital Partners, LLC, served as sole placement agent.
IPRU $.0003 light on bid side, she always has a few good runs per year..just a matter of time imo
Agreed, great post..I'm new here as of yesterday but I have been on the other side of things as well, gotta try and have a rubber ass sometimes and try to stay positive and make a new plan (I know alot easier said than done)..but really no words will ever suffice..
Pre market looking good...:)
Not sure it has correlation right now but definitely can't hurt, I thought a long time ago I was looking at a writeoff for gbg but recently I'm not so sure, like I said before, I'm holding till see this thru, looks so thin to .01 and I'm surprised we haven't heard anything publicly from the company..weird
BAA should have a great day today, gold broke 1300
Thx trader53..I think its only a matter of time before each runs nicely, STOA is about to pop imo..FCGD had a run w huge volume yesterday and continued volume today, should touch $.001 area if this trend continues..IPRU is one that always has its day a few times each yr
Just worry's me they dont have any projects completed at this point, but I have seen other companies get a few projects under agreement but never much further b/c they stretch themselves to thin..I hope BLSP proves us wrong and comes thru w even one by next yr..
Lets revisit this sometime in the next few months...
FCGD STOA IPRU My Picks!!
Grabbed some here yesterday, going to hold and see how this turns out for upto one year or so..have been watching(not closely) this company for a few yrs but never bought in, was sitting on the pine
Love to see some revenue from one project, I dont like it when these tiny companies get too many projects going but cant get one off the ground...we'll see
I grabbed some of those today late in the day, so surprised I got filled..didn't see this going this low so fast..kinda weird trading, alil suspicious of nite and monr right now..will grab more if it dips further
I know all about your hitters! Love it! Nice job today!
Nice to see you here, now we have some strong buying power!
Run coming soon imo