I think in the back of our mines we are wondering whether the current ozs mined this quarter is enough to cover the Hedging committments, if not then the next step is, are they able to continue is as a going concern if they are not confident in delivering to future hedging commitments.
Given Management have lost faith with the investing community, they will need to have compelling evidence they can produce the oz's required in order to move forward and not only meet those commitments but also generate a profit. Failing that they have no hope in hell of getting another CR off the ground.
I hope I am way off the mark here, but the longer this suspension continues, the more & more I see this falling over.
BGL Price at posting:
$1.15 Sentiment: None Disclosure: Held
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