What I don't get with the quarterly report just released is they bury production costs in with development costs...which includes costs of bringing crusher online etc...
And then they have the hide to tell us not appropriate to report on production costs at this point...so when it is appropriate when Liongold have succeeded in their takeover! Sorry their is a takeover offer out for our shares so yes too right we have a right to know what production costs are now. Liongold were no doubt privy to this info as part of their due diligence so why should us shareholders be equally privy to this info so we can properly evaluate the Liongold offer..
Or why they don't specifically mention that clearly all the 2,295 oz produced have not been sold...do the sums as 2295 oz's time gold price of $1600 per oz doesn't equal $2.1m
Not happy at all with the reporting and disclosure and seems other parties have more rights (e.g. LionGold) than us shareholders....Absolute disgrace....
SBL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held