IMO it's just too difficult to accurately predict what the production will be.
E.g. This is a post from someone in mid May when they went by what was being announced. The price was at 7.8 and it received 28 likes:
HM3 running ore at 100-200t daily - excellent! A few more details would have been great but this suggests the team at the mill are well on top of any problems as of late. They plan on running 1200t of high grade in May and reaffirm the target of 1000oz for the month. We might as well call it early - cashflow positive!
A great summary of the exploration ongoing plus a plan to possibly reopen Espaniola in 2019. What a fantastic place to park your dosh. We could have ore from Mestre, Cascavel, Cuca and Espaniola - they'll add up into a number that might achieve that 5000oz target R.Crew probably has on his donga wall .
Still won't be surprised at all if we don't get one more update before the investor conference. Good luck all
Ok, so they had some set backs but to me they should have produced at least something in May & June. And what happened to July? Shouldn't they have produced something significant then?
OGX Price at posting:
3.8¢ Sentiment: Sell Disclosure: Not Held