Well, for what its worth, I thought the report was well written, discussed the issues that needed to be talked about (issues that worried me), I also liked the breakdown of the production costs.
The plants nameplate capacity has easily been beaten, meaning that (IMO) is why they are continuing to aim for 75k oz, as the extra capacity will hopefully allow them to catchup for lost time.
They also explain about the current cash situation, with $8 million in cash, and a $8 million loan facility available if needed.
Clearly everyone sees things differently. I will continue to average down when possible. Of course it is possible the SP will go under a dollar, I must admit, if the MC gets anywhere near $100 mil, I will be moving re-balancing my portfolio, there is cheap, and then there is oversold.
Management seem to be proactively tackling the issues facing them.
Good luck to all holders.
still on track with production guidance, page-8
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