FY Results, page-3

Closed out my shorts before Wednesday (wasn't sure where US fed meeting would say), so didn't gain much on the short.

However, for retail holders careful with this one it is high risk at current prices. Odds are (looked at a few numbers) come October when the quarterly is released, the high cost of production will remain for Garden wells and Rosemount. Unless the gold price improves dramatically, the company remain risky with the low cashflow and mac bank $40m debt. It probably needs a cap raising to stablise the bottom line.

I probably won't get another chance to short this again (unless it rises to $1.8-$1.9 for some reason).
Mind you since management hedged production (pretty smart I reckon), it will most likely be cashflow positive until the hedge runs out (I am thinking end of 1st quarter next year). Better value elsewhere.

Take care DYOR
If it dips to $1~ish, then it might be worth a look again.