If they get to then...
I believe at the top of this thread on August 9 you claimed “They have...$20m of debt which should be paid back this year”.
So here we are over 6 months later, past the end of the year and their debt has only decreased $3M. Gold price has dropped 10-15%, and they are just covering costs. The weather impacted 4 days out of the 92 days in the quarter. So if that was as good as the other days they would have made an extra 150-200oz all up.
I would have to look back to confirm but even the worst case scenario was touted to be 4000oz, so it still would have been 200-250oz off the mark.
This is looking shakier by the day. These excuses can only cover the rot for so long. At what point do hard decisions get made and someone takes responsibility for the under-performance of the plant/site?
Not trying to upset anyone- I think these are fair questions to ask if the company wants people to invest in their business.
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