Ann: Operations, production and guidance update, page-91

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Nige456

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25/06/20

18:30

Post #: 45454931
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Originally posted by eastwest101: ↑

Well - it looks like Darlot's operational performance is trash, massive ore grade dilution reducing head grade, operational crusher problems in the mill all equal less gold being produced, sky high AISC and their hedging has removed all the upside from any breakout in the AUD price of gold. Darlot looking like one giant money eating machine at the moment, lots of time and effort expended to produce no profits.

That release was horrible reading with no attempt to dress up or gild the lilly on recent performance, lots of issues to fix up and even if they do fix them all you have to bet that no new ones pop up.

This stock is a total problem child to own, and a headache that has to be closely monitored at all times and watched like a hawk, with one finger on the sell button and another on the buy button! With almost no upside to a rise in price of gold, and management that are suspiciously slow with "bad news" compared to other gold producers, you would have to be a masochist to long term buy and hold RED at the moment.

Still have a small holding in this but I will be using the @brianchu82 approach to exit from this PITA within its expected trading band.

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hi, do u think the KOTH bulk 4MPTA is affected by the current legacy assets? I read the canaccord research and its a fresh asset, not affected by current legacy site. They modelled a bit higher cost than in the PFS though, but it still is very profitable.

Main issue is management now has zero credibility....

RED Price at posting: 19.5¢ Sentiment: Sell Disclosure: Held
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Ann: Operations, production and guidance update, page-91

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Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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