X64 0.00% 57.0¢ ten sixty four limited

Ann: Quarterly Report June 2014, page-49

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  1. 9,155 Posts.
    lightbulb Created with Sketch. 8582
    Just changing the topic to the quarterly report, between all the sniping, can anyone see any positives?
    I can't!!
    I don't believe sacking 1/4 of your workforce or 'contractors' as we now seem to call them can lead to an increase of mined ore. how can that possibly work? It may lead to a slight increase in output per worker, for fear of losing their jobs, but an overall increase? No way.

    I can see it possible that less gold is produced this quarter than the last one, a truely horrifying event for the SP!!
    I bailed as I just cannot see any justification for a share price anywhere near the current one, where AISC are above current gold price!!
    A cap raise at $1 or even lower is possible with the current direction this is heading, costs, management, low grades etc, then in a few months it'll be the wet season again!!
    Sell, sell, run for the hills!!
    Last edited by ozblue: 04/08/14
 
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