Yep newb management have been a complete bunch of twits..constant downgrades and poor forecasts, debt naivety, poor planning, stupid production excuses basically putting sharholders at their witts end... no argument here...and PB is way way overpayed...
However there are a few things which IMO they have done correctly which will yield future dividends (paying a dividend by the way was a twit move)...
1. The MACA contract.
2. Unhedged gold.
3. They negotiated Duckhead in midst of the Zamin mess.
4. Exploration program is 1st class.
5. Underground has the real potential to be a company maker.
This quarter I believe will start to show mine improvement and consistency.. preperation for wet and stockpiles.
Having said that cash is very very tight so they cannot afford any more stuff ups...
No lattes or helicopter rides please.
Move that dirt...
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