Some thoughts Jaguar Q4 2012 and year end results should be reported around March 21 (has been the last years).
We already know that the production for Q4 was bad, with a total of 21 676 oz produced. We don’t know the cash cost though.
There is no way they are gonna be cash flow positive during Q4 but lower cash costs plus some positive indication to where Turmalina is heading would be nice. And better bottom line numbers would be nice as well. Lower gold price is not what we want right now, but I know Petroff mentioned that they are using $1600 as an internal measure stick. So it’s not the end of the world, but lower gold price means it’s gonna be tougher and that everything is gonna take longer time.
The Conference Call is very important, maybe we can have some indication on how Q1 this year is doing. For me that’s where we need to have something that shows we are going in the right direction. That should be reported in May so it’s not that far away.
The risk is maybe higher than ever right now, but the upside is as well. IF they can do what they say they can do, it’s gonna be a nice fall (barring a collapse in the gold price). Nothing so far has made me change my mind about the management. Still a believer and still buying small chunks here and there.
Imho and gltya.
/tw