Ann: Karouni Update, page-26

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24/06/20

22:01

Post #: 45432424
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Originally posted by kojak78: ↑

First quarter had basically no production because of all the low grade material that needed to be fed to the mill, mined grade way higher. So not only startup but a reporting lag as well. Current situation may be way better than investors think.

I could not care less about the share price as finances are quite solid now...

Troy is just a waiting game now.

BTW., sometime management makes incredible mistakes. Hong Kong listed Japanese Pachinko operator. Blown hundred of millions by entering the airplane lease market at the worst possible time.

So I changed my mind and used the stock price rally to sell of every single share I owned. Owning no shares at all first time since 1998. Except for Troy which is a special situation with a good risk reward ratio. Interestingly not that long ago Guyana Goldfields was an even better bet, puzzled why not so many here took advantage of that situation. Now it is reversed again.

Make no mistake, stocks are in a bubble like they have never been before and it is likely I won't see these elevated levels again during my lifetime.

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Always good to hear from you kojak

Yes first quarter was not much more than a months production but March was half decent, expect production to at least achieve March going forward at a reduced AISC

TRY Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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