It is a struggle.Gold production 49% of design level.Silver...

It is a struggle.
Gold production 49% of design level.
Silver production 53%
Approximately 16% of resource treated to 31 December 2013.

Whatever could have gone wrong has gone wrong.
It is a testament to Brian Johnson’s ability to negotiate, that the company is still viable.

I still hold a few, about 10% of my original position.
Sold out 12 months ago, but lost more money by trying to diversify and spread the risk by going into other gold equities.

Hopefully refinancing goes okay.
If Gold prices fall any further they should consider closing out the forward sales and going spot.
If gold rises and we don’t have a dramatic increase in production, it wouldn’t be pretty.

I imagine the new CEO is there to protect Macquarie’s interests?

I don’t know ….. been a shocking past 12 months, and not just for PGI.