wgx going UP?, page-56

I will

I don't think the cash balance was from as you say a hard nosed team.
Smart yes to raise funds from shareholders going into an inflationary period which means shares due to fall in value and future loans are going to be expensive.

I do think a hardnosed team makes tough decisions rationally,like buying a hybrid dozer for below ground use when everyone else is running round like chooks with their heads cut off.
Its not just the fuel savings of 50% but the less need for exhaust extraction as a result and hence less power needed from a soon to be repowered powerplant.
All about taking mining costs out longterm from a long-term producer.
It all takes upfront money.

As to Nst I sold our years ago because I didn't believe BB could keep pulling rabbits out of the hat.
If you have time for a lesson in how to make a silk purse out of a sows ear start at the purchase of Paulsens and how that site was run always for only profitable ounces.
Gold price went up grade mined and milled dropped to maintain steady profits.
Once royalties were worked out or bought the mine was reworked 3 times or so to get what was once unprofitable ore out to milk every profitable ounce out of it.
Those decisions were made by one person but as you say you need miners miller's and Geo's to do the donkey work to the plan.

By the way my poor research skills had me knowing GCY wouldn't last a year with it's uneconomic mining and be the sitting duck it is.
GCY even disclosed that with the last resource statement showing the grade/ton curves which left no doubt.
A year ofbQtrlies showed the Breakeven milling grade which was not what it was mining or putting in stockpiles for future milling the following QTR.

DYOR+DYODD It's All been in plain sight.
My Sympathy to those on the losing end.Been there.It stinks which is why I search for reasons NOT to invest now before parting with my cash or to make me get out quickly like FEX AMI last year when things occur I disagree with.