RE: RE: bought at the closeNo different than people who say to load up the truck because this things got to go up just because it went down. Just because someone else said it doesn't mean I was going to follow it - was simply relaying the opinion of someone that ranks JAG as a Top Pick, in case others had missed him on BNN. If you don't like Oliver, your choice. As it stands, I didn't do anything and am glad I decided to wait until after earnings update because this is showing itself to be more of a dog than part of the cat family.
Today aside (you could have blindfolded yourself and thrown a dart to pick a gold stock today and you would have been up), the fact they say that production problems will likely continue through the rest of 2010 says that anyone investing now had better be prepared for two more quarterly updates with results that are lower than this company's current forecast. They have not revised their Q3 estimate, and the likelihood of a 50% jump in production from actual to estimate when they are saying the new mining method has only been half as effective as they hope suggests they might be lucky to do 40k ozs. Q4 may still be in reach, but they would need to be moving a lot faster than they say they are to have a chance, so it would not be unexpected for them to drop to 140k-150k ozs on the year. You only need to look at something like Yamana to see that despite 1m ozs of annual production, investor sentiment doesn't forgive or forget poor execution.