I think Chawkey does hit a bulls eye here. I am a long time holder. I have a positive opinion about this stock, BUT asking critical questions does not automatically reflect this equation: critical = down ramping.
To come to the essence of the production costs: Before any production took place, the price was already set by the company to $15 / oz
Nobody can tell me that since production started in 2011 costs can not be calculated. This tells me that production costs might be higher than 15 $ / oz. This is all I am critical about. Nobody cares if the costs sum up to 20 $ for the moment, if there is room for future optimisation and amortisation. Just asking for a honest statement and a realistic representation of the companies standing. In the details lives the devil. And I was not expecting any profit, by the way.
So hopefully the annual report will deliver all the relevant info as any shareholder (not "cash cow") can expect from a company he invests in. If the company does not, well my trust has limits. And I am thinking also of MY welfare.
AYN Price at posting:
5.4¢ Sentiment: Hold Disclosure: Held
