As long as WPG can demonstrate Income and the ability over time to pay down debt, it's very hard to nail them to the wall. In Western Terms we require return on investments almost immediately some Chinese Investments work on a break even in the first 20 years... Do I think Management made a tactical decision with the CR discounted so heavily when the company was travelling along at 8c, you bet, did it change the amount of gold under foot, No. They wouldn't have weakened their position further by changing out Pybar unless it was essential to Profit which is the same as survival. Report-ably the new contractors are exceeding targets this will be demonstrated with more gold being brought to the surface. WPG realise they need to communicate with Shareholders more often, something they had been criticised for in the past. I will be strongly promoting wage cuts for all Management until such time as the mine is in clear profit and I'm not talking deferred wages till later,, Paycuts all round. In fact Management should be throwing it out there now they are going to take paycuts,
As long as WPG can demonstrate Income and the ability over time...
Add to My Watchlist
What is My Watchlist?