bear back of envelope, page-3

Nice on CT

The risk is they laugh it off as a short term price fluctuation because gold bounces instead of taking the steps to hedge production, slash costs and raise capital as their production and margins are too low to sustain the size of the mega factory they have built on the assumption that gold prices would never fall IMO

I'm sure they could find some employees that could do a better job of seeing reality than the chairman, CEO and board

Will be interesting to see how the industry copes the longer the storm continues

Any rallies an opportunity to add to positions imv unless gold explodes and holds