Core Gold DMMIF

RE:RE:RE:RE:Financial report is on sedar.com

[edx]

jackattack wrote: These results are a disaster. We all knew that Q1 was going to be soft because of 'maintenance'.. and it was soft but at least we turned a profit. Q2 we dropped off a cliff for no reason (before or after the fact). Edx has nailed it on the head.. the veins (at least the early ones) must be way lighter than expected. I also noticed that this quarter they made no attempt to say that their mined grades were coming in as expected (relative to the unverified resource estimate grades) like they did last quarter. During Q2 they piled some higher grade ore off to the side to give us a glimmer of hope for Q3. I'm not buying it. I'll probably try to dump some TFSA shares tomorrow but will take a bath on the majority of my position. The new guessing game is where do we open and close tomorrow. I'll guess an open of $0.90 and a close of $1.00. I hope I'm wrong.

After reading the MD&A, I'm not so sure. The NR is a pretty bad summary whereas the MD&A explicitly says their access to the high grade veins (they already have decline access to) was restricted by development work (which probably means decline advancement around that vein). If you take that at face value, it actually makes a certain kind of sense. But I do still have concerns as to why the technical report has been delayed so long and whether it ties into the Q2 results.

FWIW, I'm not baililng. This is one of the highest grade gold mines in the world. 800 tpd production @ 10g/t makes this company obscenely profitable. If the technical report comes out and drastically changes the resource - then I might reconsider my position.