RE:RE:Tons of shares for salefrances1 wrote: Certainly some people know what is happening...crickets from the company but wth so many shares shorted seems like a handful of people have access to information. I have been waiting on the guidance of commercial production....which for a $400m mkt company not leave much room for shorters but who knows. 200k ounces of profitable production with a clear path for grrowth....should be min a $B mkt cap and people are going to short it....
In light of the position taken above, tt would be improper reasoning to discount the information provided in the last quarterly report as to "production" and "sales", which have been ongoing since May and since first gold was poured in June.
We have had ongoing "production" of gold (as opposed to "commercial production" -- which is a language issue, not a mining issue) in July, August and September during the commissioning phase. - During the second quarter, commissioning activities at the Magino mine were well underway, with the introduction of ore into the crushing circuit mid-May and the grinding circuit approximately one week later.
- First gold pour was achieved mid-June.
- During the month of June, the Magino mine produced an initial 3,295 ounces and sold 72 ounces. Accordingly, the Company recognized $0.1 million of revenues and $0.1 million of cost of sales in the period related to these initial pre-commercial production gold ounces.
https://stockhouse.com/news/press-releases/2023/08/11/argonaut-gold-announces-second-quarter-financial-and-operating-results