GREY:GRFJF - Post by User
Comment by
bbarberayron Jan 19, 2009 9:35pm
373 Views
Post# 15714773
RE: RE: RE: 2009 Outlook & Q4 Production Update...
RE: RE: RE: 2009 Outlook & Q4 Production Update...They are a confusing company.
On the one hand, they go out of their way to provide info and forecasts, on the other hand, they seem to have difficulty meeting them (although Q3 results were pretty good).
I wonder how they can forecast next year's cash flow so specifically, but won't show an estimate for Q4 this years cash flow.
Anyhow, good news is debt is going down, the share buyback is in place, they've got locked in gold prices through their hedges and now diesel through the new hedges, so we should make money (somewhat erratically) here.
Also, P/E is only about 4 for 2009 if they meet their earnings estimates (unless these are reduced due to this announcment!)