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!!
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- Ann: Quarterly Report June 2014
Ann: Quarterly Report June 2014, page-49
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