GREY:RDTMF - Post by User
Comment by
bobvee15on Apr 25, 2014 2:59pm
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Post# 22492284
RE:RE:i feel something wrong
RE:RE:i feel something wrongTrax- This news definitely reflects poorly on the management especially when operations are perceived to be humming - the Russian management group controlling this stock being dead weight. Admittedly, history shows they haven't exactly had a stellar track record in efficiently operating other smaller mines under their control.
For instance, I know Endeavor Mining after acquiring Etruscan was able to immediately reduce cash costs from $850 to approx $600/oz at the Youga mine by dumping the contractor and optimizing power costs and White Tiger Gold has been a total disaster.