Will have to think about this. Until we have the full numbers it's hard to know whether it's good or not. The key decision is the capping of mine production- which may be worth it if it really pulls expenditure. down. But a 33% reduction in throughput needs to be matched by a comparable reduction in Capex/opex.
Maybe it's better than the usual go hard/ go early/ overextend yourself philosophy that a lot of companies have.
Debt financing is the key here. The pessimist in me wonders if they're scaling down the capex because they'll have to raise to get it (see also: TSX listing)
Having said that I'm actually more optimistic than this post makes me sound.
AGR Price at posting:
44.0¢ Sentiment: None Disclosure: Held
