RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:New 52week lows for FRprouditalian... give me a little time to get back to you on those points.. without doubt there is a lot more to it than these simple statements.. for one thing KN has a long history as a trader and I have heard him speak about how he uses funds to manage and hedge on behalf of the company.
If you havent already read the most recent company presentation it may help in clearing up many questions.. for example did you know that cost of production at Parrilla is $5.87 per ounce?.. and this accounts for approx 25% of production and will be further reduced in 2015.. Did you know that costs at Del Toro have just been reduced by 15-20% as a new powerline has been put in? The company have actually reduced costs by large margins over the last 2 - 3 years. There are many things to consider.. the markets tends to focus on one or two issues and inevitably overreacts but these things will always re-balance over time.
It strikes me perhaps you made an error in judgement / timing.. which we all do at times and that is not a criticisum.. and then you do what many do in that situation.. you immeadiately blame the company?
FR Presentation