GREY:LACHF - Post by User
Comment by
Swing4theFenceon May 12, 2010 5:42pm
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Post# 17092113
RE: RE: RE: Very positive
RE: RE: RE: Very positiveLMA sold off a bit today because the Q1 results were kind of ho hum - if not, disappointing. Not much in the way of financial performance and I think most were looking for production in excess of 25,000 oz's Cash costs were definitely disappointing which spiked about $150 oz compared to the same quarter last year.
The market doesn't lie and it is easy to see what this one has been soft over the last couple of months in the face of a rising gold price.
Better execution in Q2 (ie. 30,000 plus oz's) and I think we should at least get to $2.50
My two cents worth........