It really bothers me that in the driest most productive qtr of the year, ore was taken from the ore stockpiles......... and the grade in the stockpile declined.
I think the currency blamed increase to the AISC forecast is a smoke screen, I am surprised everyone seems so accepting of it. I also think the inventory cost on the balance sheet at year end will be written-off, the auditors wont let them keep it and it will be a convenient way to avoid it impacting the AISC - they can also label it as a legacy issue and blame old management.
Cheers
W
BDR Price at posting:
47.0¢ Sentiment: Sell Disclosure: Held