RE:RE:RE:RE:RE:3 cents to a new 52 week low...told yaAgreed a decent purchase (after all TN was just $ 32 M with all infrastructure included) but all based on sound execution and generating some nice market excitement.
It looked like "all cynlinders firing" after the Q2 call and then every one took a slap to the face 3 weeks ago!
Looks like the shares are back up to $ 2.85 USD now...gold back up $ 6.00. We're nearing $ 1290 again. Something has to give!
Food for thought: It would be cool if they merged with McEwen Mining to become a leading North American midtier. Just a simple merger of equals. That I would support. McEwen also just got final permit yesterday for Gold Bar and has similar Cash On Hand after their October offering to buy Primero's Black Fox mine for $ 35 M... a total steal. (also own shares in MUX)
JIN
goldminer01 wrote: Hollister was still a good strategy and purchase. They closed the deal at top of 2016 PoG so a bit richer than a distress property. Execution in both Hollister and TN was the problem first 12-18 months of ownership. Cleaning out the cobwebs is not enough.
I like Sprott's response to being sandbagged. Okay to sandbag the outside holders but not ME, I am the primary funder / investor.
Why I said they do claim 260-280K for 2018 guidance is that they will meet lower end of the 213-230K this year ( I HOPE !!!). That's still a 25 % increase.
I don't expect Huet & Company to change their M.O. They make out pretty well on meeting/beating guidance (so they set conservatively), not on so much on the stock SP. They hold few shares, sold most in Q1. I don't where Huet has 75 % of his non real estate worth in the stock. So collectively everyone is leveraged on salary and BONUSES. They jacked up the bonus plan last year I think.