a really bad quarter

As expected I guess---they blame the rain of course---but the problem goes back before the rain

Just go to Page 6 and look at 2 lines---Revenue & Production

Now Production is higher than Revenue in last few quarters

This means it is costing more to produce than they sell it for---and even really ordinary people know that you go broke doing this.

And that's just covering the Production costs---they then have to pay for Admin & explorations costs out of capital raised from shareholders

Really cute the expression Balance Sheet modification ( Manager Mark toro got that in his MBA class)---what he means to say is that the company is stuffed unless thay can tap another loan or persuade shareholders to bail them out again

And why the hell in their risk analysis did they not anticipate rain, and stockpile ore at processing plant in case the road was cut

Management look like clowns imo