RE: RE: RE: RE: RE: This stock sucksTerry, BRD has around 40MM in debt from memory, has done a couple of flow-through share offerings and hedge 12% of our production to a third party.
But to what I was saying about people possibly inferring that the board could be rewarding failure -
- August of 2011 alone Brigus granted at least 2,500,000 options according to canadianinsider.
FAILED: - 27 Sep 2010 News Release. Brigus target steady state production for underground in Q2 2011
FAILED:- 15 Nov 2010. Brigus target for 2011 production is 102-112Koz
LIKELY FAILURE:- 15 Nov 2010. Brigus plans for Goldfields Project to become a producing mine in 2013. The decision has been postponed until Black fox is under control.
FAILED:- 31 March 2011 MD&A. Brigus communicate Q2/3/4 production target of 71-75Koz
FAILED:- 31 March 2011 MD&A. Q2/3/4 cost per Oz $500-550. Actual cost still >$800 at Q3
FAILED:- 31 March 2011 MD&A. 2011 Production target 80-80Koz.
FAILED:- 7 June 2011 Mine update. Q2 production target 16.5-18Koz. Actual production was 15.6Koz which was only 87% of 2010 Q2 production
FAILED:- 7 June 2011 Mine update. Q3 production target 26Koz.
FAILED:- 7 June 2011 Mine update. 2011 production target 73- 80Koz
FAILED:- 7 June 2011 Mine update. Cast cost per oz $575 to $625. Actual cost still >$800 at Q3
FAILED:- 14 June 2011 Q1 results. Company reiterated 2011 production 73-80Koz
FAIELD:- 14 June 2011 Q1 results. Company reiterated cost of $575-625 per oz.
FAILED:- 14 June 2011 Q1 results. Company reiterated Q2 production at 16.5-18Koz. Actual 15.7Koz
FAILED:- 14 June 2011 Q1 results. Company reiterated 26Koz by Q3. Actual 16.8Koz in Q3
FAILED:- 15 Aug 2011 Q2 results. Q3 production estimate 17.5Koz. Actual 16.8Koz in Q3
FAILED:- 15 Aug 2011 Q2 results. Q4 production estimate 19.5Koz. Subsequently revised down 14 Nov
Cheers,
GM