Moving forward… 

Gold Investment expects a better performance from Simmers moving forward: 

• Less nasty surprises - The new Simmers board doesn’t foreseen any nasty surprises moving forward. This is despite the terrible accident at the Buffelsfontein Gold Mine which has claimed the life of one mine worker earlier this year in May, which led to the closure of the mine for 19 days and a drop in gold production as a direct result of the closure. This is not to say that there will be no nasty surprises this time around, because there’s always a good dose of nasty surprises in mining, especially gold mining. It’s rather to say that it seems that there’s going to be better sailing this time around (or less room for nasty surprises).  

Invest in precious metals today! Contact us for details.

Invest in precious metals today! Contact us for details.

• Tau Lekoa Gold Mine - It seems that Simmers has a lot going for it in the form of the Tau Lekoa Gold Mine, especially if one considers that Tau Lekoa is currently the 4^th largest gold producer in South Africa. One can only hope that the Simmers board manages to conclude the Tau Lekoa acquisition sooner rather than later since it will help to boost cash flows which are needed to make progress.  

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