we can all be glad that the POG is where it is;
we (company + shareholders) have need a long time to bring this company down.
Today we also know who are the acting persons which will be responsible.
But that´s the past !!!
Hopefully we will learn (also as shareholder) how to eleminate those failures !
Anyway, now we live in different times ; POG is really high which plays in cards.
AISC at this time will be approx. by 1700/2000 A$. So we produce the ounce
to a price less the actual POG. That´s good. we still not losing money.
in this circumstances we are able to take the time to resolve cycles/processes/
workflows etc. to a much better flow.
Be glad we are in times where the POG is where it is.
Now we are able to get mas/menos 1 K each oz of production as return.
Remember one year ago. That was the time when we where in a short
distance to drowing. Today we are in a really better shape.
I agree, if there is nothing more as corona we will survive ; another big
downturn which nobody knows is maybe able to destroy us.
At the point of today, we will see a lot of other companies going down
before that will happen to BLK, reg. the actual fundamentals.
The gold is there, it is not running away to another tenement. That´s
what count.
elsolivars
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