RE: theflusher:You say that you are not a buyer of "this crap" but you continue to follow it here....why? Does it mean you own it or you won't buy more? There is no reason on this earth why ANX Management and plant engineers can't make the Pine Cove Mill facility work efficiently? They are not building a rocket ship that will take us all to uranus...or are we already there?
Yes, their burn rate is ridiculous and with a burn like that, it could send any rocket ship up into uranus and out the other end. They don't need to be in the most expensive office space in Canada and they could minimize expenses drastically if they had to...but it seems to me that at nearly 1500$/oz of gold, anyone should be able to make money from whatever it is that they are really putting through Pine Cove. It simply makes no sense to me.
By the way flusher, we are waiting for Fiscal quarter results ending February 2011, if I am not mistaken. Their year is a Fiscal Year ending November 2010, if I am not mistaken.
And what about Ashton Hill? Don't they own a nice piece of ANX too through their fund investors?