not sure if you notice all the payments they have to make to the Government. 6,4,8 for the next couple of years.
Adds up to be quite a bit ($18 mil). I am unsure if that is factored into the total cash costs.
No doubt its an interesting, and arguably undervalued producing company. Even with the Capex being cut, they don't have a huge amount of wiggle room. Def no dividends, which I have no doubt the major holders would like to see.
However in TGZ defense, the same issues are being felt across the gold sector.
TGZ Price at posting:
83.5¢ Sentiment: Hold Disclosure: Not Held