EXPM:HRTFF - Post by User
Comment by
MudCreekeron Oct 01, 2021 11:46am
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Post# 33952447
RE:What I said was
RE:What I said wasjustrelax2 wrote: ...but given the magnitude and significance of this next NR , improving quarterly results may be part of the information release...
If you're expecting improving quarterly results, maybe a re-read of the last paragraph of the nr is in order:
"
the Company has continued to defer the implementation of various mitigation measures that were aimed at addressing the production variance from plan experienced to date in 2021. The Company has also reduced certain sustaining and expansion capital expenditures, which may adversely impact production over the next six months. At this time, the Company is unable to provide updated 2021 production guidance as the Strategic Review Process continues to evolve, but believes its revised 2021 guidance, issued on May 13, 2021, is at risk and may not be achieved."
They are taking every step possible to survive, short term, (as in 15 days short term). When they cut sustaining expenditures, it's like a starving farmer eating next year's seeds - future years be damned, they have to survive the next two weeks.
Improving quarterly results aren't what they're signalling with the phrase "at risk and may not be achieved".