RE:Bounced off the $.26 lowI think 26 cents is a key support because of mass dump. The gap down had to be tested regardless of mostly upbeat news concerning gold corp. GPL did the same thing before moving higher. Bad news should be well baked in sp, but we will see.. If the former CEO mangaged to accomplish mid point what he said at CC it will be a good for at least a short to mid term move higher. The rest will be dependent on gold prices.
Sentry imo is setting this company up to be taken over by a bigger player who probably has structurally lower cost and can afford to make big changes at san fran if required and develop ana. If it happens then sentry can ride on coat tails of merged company.
As far as the earnings call I see a 30-50 million dollar impairment charge and flat operating earnings. Cap ex expenses should have fallen by 2 million this quarter because of reduced deferred stripping. Other expenses like developing ana or other pit are gold price dependent and may have been shelved. Production should be up with use of new leach pads. if they crushed enough material maybe they can use older pads as well. Did they fix dilution probablem accountiing for an 10% drop in output? They said it was a supervision problem because grade was .6 before hitting pads but arrived at .53. We will see.