RE: OT: CSGThanks - I'll check out JAG
"NGG is not a production story yet. "
But therein lies the rub. NGG formally announced around two years ago they they achieved commercial production, so I like many other, invested to take advantage of the imminent rise in share price associated with positive cash flow only to find out NGG had not yet achieved sustainable commercial production levels. For over three years now Sinivit has supposed to have been in commercial production. It's always tarps missing in the rain, or crusher problems, or pit depth etc. These guys have been in the business long enough to understand the wet season, leaching and rock breaking. Repteadly IR has assured cash on hand would be adequate for operations only for successive rounds of refinancing to be required.
My mistake was not listening to Milkman555 earlier. The lost opportunity costs of holding NGG are simply depressing.
I wouldn't say I am conservative I have doubled to quadrupled on numerous pre-production miners transitioning to production:
- Eurozinc
- Lionore
- Quadra
- Rio Narcea
- Taseko
NGG should have fit into that category too.