RE:RE:ProgressStrange that their press release say they are guiding between 50-54 but during the conference call, the boss says they won't get anywhere near 54 but they might, just might, pull a wild card from the deck. Hello. HELLO. Anybody home?
After maket close was this:
https://www.prnewswire.com/news-releases/claude-resources-inc-announces-second-quarter-results-218574561.html
Outlook
For 2013, forecast gold production at the Seabee Gold Operation is expected to fall within the Companies previously stated guidance of 50,000 to 54,000 ounces. "
After a sleepless night, the truth comes out at the conference call about 16 hours later
At the Conference call, it became this (I did not correct the transcript from the site, but adds to entertainment value :):(
"Moving on to Seabee itself, again, we started the year forecasting 50,000 to 54,000 ounces of production. We are behind after the first two quarters. We think at the moment we are likely going to come in at the low end of our forecast, but there is a few wildcards out there yet that we can’t be certain of. We have a number of initiatives underway to recover some of our production. We are behind those initiatives. We are not in our mind plan. So, they do represent incremental ounces. One of the big ones will be how fast we can get into Santoy Gap and start to sell in development there. We do think that’s a possibility before the end of the year and that could have an impact on our production as well. So, that forecast is it’s going to be – it’s a challenge and we are not expecting to get near 54,000. So, we expect to be in at the lower end of that."
https://seekingalpha.com/article/1615572-claude-resources-ceo-discusses-q2-2013-results-earnings-call-transcript?part=single
Next time just guide between zero and infinity and say we won't get anywhere near infinity or BEYOND!
I pray for them and Cameco.