TSXV:AUN.H - Post by User
Comment by
ak27on Mar 13, 2014 2:25pm
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Post# 22319157
RE:RE:RE:RE:AUN-Deserving of all negative input
RE:RE:RE:RE:AUN-Deserving of all negative input When management credibilty becomes questionable, everything basically is questioned…
Sadly this also includes future production results. So if after months of silence Aurcana comes up with Q1 production results in mid April and with a big heading along the lines "Aurcana is delighted to report 30% production increase this Quarter", such an announcement will be looked at very closely.
30% production increase in Q1/14 compared to Q1/13 is not really an improvement considering that Q1/13 results were poor.
Now it would be a different matter if the 30% increase is vis-a-vis last quarter - Q4/13. Such production increase of roughly 940,000 ounces Ag eq. is encouraging as it signals that Au just may be on its way to recovery. The remaining quarters of this year should see increased production because of the introduction of bore raising machine and access to higher grades zones.
It seems to me that the now legacy loan renegotiations will be only announced following the release of Q1 production.