Esh
Whats to be embarrassed about
I have made a huge amount of money on RSG.
When I think about it
I have made plenty on every gold producer
I have ever invested in.
Only bad buys were explorers
I pointed out 2 quarterlys back that
Spending was well over budget
Last quarterly spending was out of control
Add to that production cost has risen.
Way more than would be expected.
Of course less ounces being produced
But they are using stockpiled ore
and ore from underground.
The cost of the mining the underground ore
Is included in development costs
and stockpiled ore should have little cost
Attached to it.
Something isnt right and until things change
Holding is a gamble.
Cheers
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