I am very happy with the quarterly and am a bit bewildered as to the volume of selling today. Was it ...
a) simply a reaction to the nationalisation of an Argentine oil producer (a worry for us when the things change and the common perception is that gold is as valuable as oil - we aren't close to that yet, perhaps Gold at $5,000 will do that) OR b) we have a major player (el oro?) slowling selling out and seemingly happy to take anything above about $4.30 OR c)something I can't see (very likely)
time will tell ... I'm still comfortable with the risk reward scenario and am ... loaded to the gunnells
As for the finances, I see it like this [end up with a number similar to trombone's]
Dec Mar Net Cash 4.6 15.1 Dividend 0 4.25 dore 4 sale 8.3 15.3 dore @ mine* 0 11.3 12.9 45.95 LESS payables 13.7# 13.7 taxes on dore @mine 3.5^
TOTAL (0.8) 28.75 very freekin healthy!
Notes * new item in Mar quarterly (possibly not existent at 31 Dec or perhaps just rolled in with Dore available for sale) #inferred from the statement in the Mar12 quarterly, though not itemised in the Dec 11 quarterly as best as I can see ^random guess as I can't be bothered mining the reports to work out a realistic number
TRY Price at posting:
$4.50 Sentiment: Hold Disclosure: Held
