The Market Bull - Daily Stock News’ Post

Name: The Market Bull - Daily Stock News on LinkedIn: #asx #asxnews #investing #mining
Uploaded: 2024-10-08T02:13:55.678Z
Duration: 1 min 50 s
Channel: The Market Bull - Daily Stock News
Description: Siguiri Gold Chairman Michael Minosora has updated on the Company's IPO progress, the permitting situation in Guinea and what's next for Siguiri from both an operations and investor perspective. 🗓️ #ASX #ASXNews #Investing #Mining Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au

The Market Bull - Daily Stock News

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1mo

Siguiri Gold Chairman Michael Minosora has updated on the Company's IPO progress, the permitting situation in Guinea and what's next for Siguiri from both an operations and investor perspective. 🗓️ #ASX #ASXNews #Investing #Mining Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au

Transcript

Hello, you watching the market ball, I'm Rebecca Marsh and joining us today is Michael Minnesota at the Chairman of Siguiri Gold. Michael, thanks for your time today. Thank you, Rebecca. So Michael, where is the Query Gold at with its IPO? Well, earlier this week, we released an investor update just advising investors that we reached our minimum subscriptions, but we're holding off progressing until we've been granted our permits. That's a condition of our prospectus and that's what we'll stay with. That is disappointing, but we look forward, we'll continue to work over this coming month where we expect the permits to be granted. Are there any updates from the company's operations in Guinea? Yeah, there is a lot happening Guinea, not only operations but from an investor's perspective. We're getting increased number of direct inquiries from investors. We've had parties approach us on various ventures. We're seeing a lot of activity from corporates in Guinea, which is a big tick for the country from an operational point of view, the last months being pretty interesting. We're seeing the rainfall in excess of matter and perhaps up to two metres. Really countrywide and that's presented some challenges for the team, but they're working through it. It's impacted us in certain areas like how proposed sample plant, but we're working through that and we're looking forward to the next month or so. And Michael, what are the next steps for Siguiri? Next steps are to get the permits, which mentioned earlier. That's likely to happen this month. As soon as those permits are granted, we'll close the offer and we'll start focusing on the drill program. Which will yield our maiden resource early next year. Michael, thank you so much for your time today. Thank you.

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