RE: NR on Q1 production Up Up Up! Agreed, the report made it a point to say that
"The JIC strike has had a lingering effect on Q1 2012 production. Although PGM ounces produced in Q1 2012 are similar to PGM ounces produced in Q1 2011, the production at the Maroelabult Section remains below the Company's budgeted levels. The Company and JIC are taking measures to rectify this and further improvements are expected in the second quarter of 2012."
Very bullish IMO given that we are producing at Q1 2011 levels (when the stock was trading at 1.00), and according to management, Q2 2012 will actually have increased production over Q1 2011 levels. Hopefully they kept operation costs down, this is the only thing that worries me, but even if they had similar operational increases in costs over last quarter, we are still trading at a 0.30+ discount I think now that production has recovered and is slated to increase further, we'll be looking at a nice pop in the next month.