Post by
Lunchisforwimps on Mar 15, 2014 4:50pm
Lyd - Pdac
Spoke to IR at Pdac at length. Confirmed this company has nothing going on until permitting. Permitting May be complete in as little as 6 months. The only trade here is on the gold spot price versus company news. I was disappointed but not as disappointed as I was when the company gambled the heap leach pad over an aquaduct would slide through the govt. The aquaduct gamble was a calculated risk that blew up in management face. As a shareholder I was choked. If the gold price drops prepare for a hair cut back to a buck or less this summer. Was glad to see the previous CEO pay the price regardless of rhetoric, we need a mine builder now, bla, bla, bla. I am hoping for the best but prepared for less than that. Thank goodness for Putin.
IR also confirmed the govt has still not formally approved the valley heap leach. The working group has great cooperation, bla, bla, bla....