RE:DNG's plan to increase gold production by 30% in H2 2019 !!Somebody please check my math here. Look at items 3 and 4 in the 'plan'. This just looks like "safe-harbor shinola".
If these things happen ON December 31 they will not even be accretive to H2 2019? What happens to a 30% increase and 88 - 92K of production at that point? 3. --- "
expects to see significant throughput from these further concessions on or before December 31, 2019" 4. ---
"group expects to start operations in another section of high-grade veins on or before December 31, 2019" Beyond this, items 1 & 2 they are ALREADY doing, yet the grades are STILL falling and volument processed is STILL falling. With a similar volume processed (22,737 tonnes in Q2-2019 vs. 23,172 tonnes in Q2-2018), our production, however, decreased by 12.2% compared to Q2-2018 (18,095 ounces in Q2-2019 vs. 20,610 ounces in Q2-2018). This decline is mainly explained by a 9.4% decrease in the average grade of the available ore processed during the period. Volume of gold sold has decreased by 19.2% compared to 2018 due to the lower production combined with the variances of gold in process.
I'm sorry, but if I look at both this 'plan' and the 'Financai' section of the Q2-2019, it's pretty depressing.