I think people have only looked at the bad part of the report. Record gold and silver production. The new equipment working well. Expected production costs to be almost a third less in the June quarter.
Yes theres still debt to be repaid and the company isn't out of the woods but to me that report says the company is making steady progress. More production at reduced costs means more profit. More drilling happening and if that shows more gold, which is likely as its between the deposits, then that means a resource upgrade. I also noticed the report talked quite a lot about possible takeover. Is something happening behind the scenes? Lots of shareholders underwater with this one I think, including me, but this is definitely an improvement. The June quarter could be the game changer. At last.
Just my personal opinion. DYOR
KBL Price at posting:
1.2¢ Sentiment: None Disclosure: Held
