charts and valued experts, page-260

"commercial production’ is expected to be declared from 31 March 2018"

This is a statement that was very disappointing to me after the prior announcements of tests and progress and a main reason I sold at 45c (yes I did sell at 45c). Lets analyse this:-
- expected means may or may not happen, can be changed or ignored
- declared means they said it but may not actually be happening on the gorund
- from means on or after, so can happen in April/May also
- 31 March, easter weekend, ivory coast is a french catholic christian colony so they have a long easter break also, timing of this may have seemed inocuous months ago but now it seems they knew it was a public holiday there and here and frankly puzzling
- 'commercial production’ means we presume gold ore mined processed produced and then.... maybe sold or payment received, not necessarily, you can produce something put it on shelf and may take months to sell and have it paid for, so this doesnt mean gold sales for Q3 at all imho

Many including me on here presumed there would be 6000-10,000 oz produced and sold extra into Q3 ending 31 March but the wording used is very flexible and good public relations. But it may not convert into actual cashflow sales or produced product in Q3 as we thought. The expected 63k-70k oz Q3 will not happen and if edikan doesnt do as well as Q2 of 56.7koz then we may get a rude shock here.

And now gold price dropping away on stronger DXY as predicted. The higher high couldnt be made so now we look for the range 1350-1304 and watch out for that lower low at 1304, has to reverse again around 1310-1330 to avoid the bearish lower low pattern.



We will soon see who is right and who is wrong. You guys or colinchi nordesmic & samboy. Dont shoot the messenger.