There is every possibility that POG may sink to $1500 USD. What would Matsa do?
they were losing money when POG was 1800. Very high production cost means less profit or no profit and reduced Market Cap.
I believe if a company can't make a profit with $1500 and cut the cost to under $1000 an ounce, it has no chance of making it with $2500 POGTherefore, cost cutting is paramount, and increasing and consolidating the resource helps..
that is what SAR done.
I see that BHP is bringing their 30000 workforce in-house ..ditching contractors in the process
Contractors are charging very high prices..they are going with the fast rise. In real estate?!!! When we all know wages in Australia is stagnant. And business are bringing in cheap overseas Labor..
Matsa needs to go along .... Raise money + find more Gold + build a processing plant + cut cost
Then we ll have a viable business to grow shareholders wealth.. until then we ll play the pips under 10c
Or Lady luck smiles on us and Devon throws up a Bonanza discovery....all possible....
(20min delay)