Well you know !!! its coming Well for starters...the net loss is adjusted...but stockpiles grew + cleaned up credit facility. You watch they are going to start stock buyback....then gold will finish out the year higher....say 1350 / ounce and when they get back into the 28-32 dollar range....they will do a share swap for a couple of juniors....they have a 3 billion dollar warchest ( AKA credit facility )...they will be buying!!. Wouldn't surprise me to see LSG get taken out ! GC already has interest in nearby properties ! I tell yeah, I would not want to be Short on any Gold stocks. Most reputable companies are cleaning up their balance sheets if they can ! Another thing I noticed, many compaines are growing the DORE they keep in inventory for two reasons ! Refining capacity is almost maxed out and why dell cheap if you can continute to function financially. Look at "inventories" on GC's balance sheet.
Gold coins are flying off the shelves everywhere...shanghai exchange is on fire !! and we will see a continued 300 to 1 COMEX contract :: gold ounce ratio .......in fact if it gets to 600 or 700 or even 900 to 1 it wouldn't surprise me. The U.S. Obviously has no Gold...or they are trying to spend their way out of DEBT.....hows that working NOT
I would not want to be on the Short side of a large contract....no way. Get caught with demand delivery !!! Yikes
GLTA