Sam's show at Denver
Apart from 350,000 - 370,000 oz expected in 2021, presentation was fact-lite. Lots of time spent on reopening Diddled.
Sam acknowledged it's been a tough few years. ( I nominate this as understatement of the decade!)
Company wants to get back to glory years when they were near the top of the heap for return on equity and return on invested capital. Exceedingly short on details as to how this might be accomplished. Haile was only #2 on the list. There, emphasis will change from production to cash flow maximization. Zero details.
Only passing/accidental reference to new interim CEO. No reference to "We-know-what-we're-doing" Holmes or whoever he was. What a disaster. Usually, a stock goes DOWN when a CEO departs for unexplained "family reasons". Esther would be a far better selection. She could fire 60% of the board of directors, eliminate their salaries, and co would be further ahead. Etc.
Somebody on the B2 board ventured that OGC would be a good takeover target for B2. If you think it would take Cdn $3 to cement a deal, that's about Cdn $2.2 BILLION. No freaking way is this company worth $2.2 B.