Post by
own_quality on May 04, 2017 11:29am
Everyone knows the 1Q loss will be huge...
They had the elevated "expenses" from the accounting change, plus the very low sales combined with the full costs of production for 57k GEO that were mined. This quarter which ends June 30 will be a huge since they will be producing and selling the processing shortfall from Q1, plus all of the production from ore mined in Q2. The forward sales at $1250 aren't looking bad now either! Hopefully, the bad numbers that will be reported after the close are already baked in to the share price and it's all uphill from here.
I've given back 100% of my gains from last year and then some. I'm bummed about that for sure, as it's nearly 20% of my net worth. but our future is bright if goldstays above $1200. We need financial markets and real estate to crash a little and that will bring back gold as a safe haven play. The dollar is looking shakey and the Euro too. Gold and silver are looking relatively undervalued compared to all other asset classes. Hard to know what to do, but I'm holding on to my gold/silver related investments until this fantasy world comes crashing down.
Comment by
passionatepiper on May 04, 2017 2:58pm
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