RE:RE:RE:RE:RE:RE:RE:goldYea, anyone not involved in the operation should be laid off. There is no need for a VP exploration or a geophysict right now. The only need is mining. In fact, apart from the crew doing production drilling and the production geologist on site, all other geology should be furlowed. The only focus is mining. Everyone else can go home, take it easy for a few quarters, and come back if/when things are better.
We will be able to judge progress when we see the monthly ounces for January. Until then, it is hard to tell what progress is occuring. The monthly tpd and head grade coming out of the mine should be shared for all. From there, we can do our own math.
If they aren't pulling an average 800 tpd at an average head grade of 6 gpt, then this is not going to work. Maryse surely knows this and is working towards it. In the longer run, one would hope for 1,000 to 1,200 tpd of ore, a majority of it in the 7 to 8 gpt grade.
It is simple, they just need to schedule the stoping properly so as to sequence high grade material earlier on. Remember, while all this is happening, they are still driving drifts which takes up capital expenditure and cash.
There is only so long an operation like this can survive without the need for cash over and over again unless things truly do improve. It is one thing to say they are improving, another to show production numbers and entirely another to show financials. Lots of things have gone wrong here, thus lots of things have to start going right. I would say it will take at least a year to correct the ship. In that time, the stock is going to 30 cents or lower (and I don't mean to scare anyone with this prediction). It's just how things are in mining. This will drift into Neverland until the production and financial find footing. Of course, I will be here buying, as I have been, as clearly this will be bought out by AngloGold or someone else. Just a matter of time. If you can get your average cost down below 50 cents in the meantime, you stand a good chance at turning a profit on the sale.
Just my two cents, hopefully you get a dollar back.