RE:RE:Send in the clowns HA20200, great new icon. There is nothing wrong with being a clown. People love clowns. They are funny and can make great balloon animals.
Regarding some of your points:
Caribou - Saving money on care and maintenance is nice, but this was a lost opportunity. A hedge at $1.60 would have added $22M to profits in 2022 and would have only required only a 9 month delay. Sure, waiting would have been a risk that would have cost $4M in care and maintenance. But the risk would have paid off big time just like I said it would. The other problem with Caribou is that it is probably operating at a loss thanks to inflation. It is probably not losing $6M per year, but I could easily be losing $2M per year.
Management - How much did management really change? The real management is Glencore anyway.
Hedging - Hedging did not help them avoid bankruptcy; it helped them avoid profits, which will make bankruptcy even more likely in the future.
RP2.0 - The feasibility for RP2.0 was disappointing. Does this company really have only one decent mine now? I guess the strategy is to take the only good mine the company has and deplete it more quickly to make up for the 3 dog mines. It is kind of a sad and pathetic strategy.