Just to make sure everyone is clear.
Cash Burn Rate figures being quoted everywhere (including the SA analysis) are being sourced from a BM 321Gold article. What ever happened to official sources?
Those cash Burn Rates are not controlled by BM. Novo controls them. And in all fairness to BM, he quantifies his quoted Burn Rate as keeping all other activities at Novo proceeding at current levels. Again, that is not under his control or management either.
It humorous to note how all the critics that have hurled insults relentlessly at BM over the years, still hang off of his every opinionated quote as a hard fact . Tells me a lot about the mental acumen of some.
I do not correspond with BM, but I suspect he must be laughing his a$$ off at some of the stooges he is shooting across the board like Pachiinko balls. Wouldn't be surprised if he's scooping up the PP as well.
For us investors, we should think for ourselves and the people that we have backed with our investment. The company management will follow a regulated process that will tell us all about quarterly Burn Rates , Revenue, and Cost Management strategies.
Why don't you simply listen to the explanation from Novo itself? I don't hear anything about burn rates. Nor do I hear that there is no revenue for 6 months, or that no gold is currently being produced. In fact, the opposite is stated.
There is a cash issue. It is stated. And it's the result of an unforeseen development that was previously not costed and considered urgent. Investors can (and should) be concerned. And even disappointment may be justified. But it's Novo's job to manage it, remedy it, and remain on track.
And finally, if it's all lies and smoke and too much for you to handle. Simply go elsewhere. Before you end up making misplaced investment decisions via secondary hearsay information.
Tx