Where is the gold? Simple isn't it. 40% up on 40% down over the last two quarters means 0% growth or am I missing something. 0% growth production over the past few years means exactly that.... 0% or am I missing something. Forecasts of 300,000 oz, 100.000oz, 85,000oz. p.a. aren't there, or am I missing something.
Nope, I'm not missing anything because I didn't make the predictions, nor did any of the investors. Just the management team.
So who are the ones being fooled here. Is it the management team ? Nah. The poor mug punter. Why the poor mug punters? Because they get sucked in by promises from people who are expert at doing so.
Why are they expert at doing so? Because they are using other peoples money to keep the place going whilst they earn themselves a very descent cop every year. And why do they do so?
Because there are more mug punters willing to part with their hard earnt, and they don't.
Simple isn't it !!
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