The Bad and The UglyWell I hope that the Bad and the Ugly is behind us.....we now have 2010 to see improvements.And as what was quoted in the months of 2010 ....."they are pouring Gold and making Money"....the first quarter of 2010 should tell a different storey.They know where they want to go......and that is more production.
This caught my eye: Subsequent to their dismissal (Golden Eagle) due to operational concerns in the second quarter, the Company uncovered numerous discrepancies in the records that were provided and has correspondingly discovered a significant shortfall in the stockpiles that were reported as well as the ounces in process at the time of the shutdown. These shortfalls have resulted in a significant loss in 2009, primarily reflected in the fourth quarter, which the Company is in the process of attempting to recover.
I know that the past year was ugly.......but I will be positive, and say we are on the road to recovery.
Just my opinion........Richard