Dragues, dragues, dragues! The saga dragues on and it's draguing us down. So from the 5.7g/t we were told we would get to today's 4.8g/t on 1.26Mt, we just did 36koz which at $2400 is $86 million. Like I said from the start, a bad deal, and we took all the risk. The persons responsible who did this without shareholder approval (smart weren't they to undermine us) should be given their marching orders.
The best stuff this company owns pre-existed Clifford, and Dragues and the huge dilution that came with its purchase has destroyed probably around 30c of share price.
Ann: Presentation - Dargues Life-of-Mine Update, page-13
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