RE: RE: RE: RE: im cashing in on my short lol Shorters are going to be squeeze ''very''hard and I m glad!!
On the last report there were over 9,000,000 shares shorted!!
They have delivered according to their 2013 guidance and their 2014 guidance of 150000 to 180000 onces is very conservative.
Production figures for April 2014 is outstanding:15464 onces in one month. with head grades of 0,45 once/ton
Average production for the month was over 1000 tons/day and they are forecasting an increase to 1400-1600 tons/day going foreward in the second quarter.
So just making a quick calculation ,they will produce at least 15464X12 months=185 568 onces in 2014 tand this is based on a 1000 tons/day production.
In my mind the cash cost will decrease dramatically and they will be in a good position to face the head wind coming with a lower gold price.
I have added to my position at the opening this morning and pretty sure to make a double in a year!!i
If Digger is still around, it woul be interesting to know what he think about the 2013 results and in particular the April figures and head grades.