GREY:LBEFF - Post by User
Comment by
NiceGuyEddieon Sep 28, 2010 1:12pm
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Post# 17501866
RE: RE: Victorino
RE: RE: Victorinoagreed, not looking to assign blame for any good or bad investment, ultimately no one's put a gun to anyone's temple. we're smart or stupid enough to havemade that decision on our own.
nash has made both positive and negative contributions.
we have production and rates are picking up
he was obviously way off in predicting close to 7 million pounds for 2010 as in Q2, he's revised that number to 4 million pounds. Hopefully he will not lose the lesson from this colossal blunder. for the most part, i think he knew what potential obstacles he might encounter, he needs to reassess his forecasting skills
paydown of debt should be his number one priority for obvious reasons. he's yet to demonstrate he can do this. at a remaining what 3 million pounds maybe left for Qs3 and 4, he should have plenty of room, especially at 10 + ni.
the biggest hurdle in my opinion is the fact that although production rates are on the rise, all the mines combined have a life of 5 years. That will not impress any investor. and by the time he pays down the debt, there will be 3 years left so they better have some very interesting drill targets in the pike