This is the ramp up phase and untill commercial production is declared don't expect much in the way of guidance, this is standard with most new mining operations as they sort the various issues and teething problems out. The increase in costs and lower production have been well flagged by Management if one bothered to read their presentations etc, a lower margin is an inevitable result of that, as will a higher margin when the issues are sorted out ...this is not rocket science, its common sense ...
Cheers Whisky
GXY Price at posting:
$2.17 Sentiment: Buy Disclosure: Held
