Multiple corrections...now that's a bit embarassing!
Blaming short staffing or staff reductions is not very palatable either!
Cash on hand $40K
Gold sales for the qtr $30K
When are these guys going to start producing?
Surely even at a reduced efficiency they can produce something. Work on ironing the bugs out whilst producing cash.
There has been so much promised, yet all I seem to hear is delays, delays and more delays...all whilst blaming unforseen issues.
I don't want to hear about problems with a winder slowing access down or efficiency problems with a mill or staff shortages in accounting. All this says they are achieving something, just at a slower rate...but the quarterly says they have only produced 30oz over 3 months! Thats not producing, thats pathetic!
When am I going to see something actually achieved?
I'm very quickly getting disillusioned here.
GBM Price at posting:
5.5¢ Sentiment: None Disclosure: Not Held