RE:RE:Sorry, one last post...re: john the p.o.s. at IR and promise Not much "glimmer" but from the conference these last two paragraphs from Doolin are most important to show some rays of light...Q3 was probably the worst quarter in years financially and operationally bringing ramp-up at not just one, but two mine sites. Reminds of Pretium taking huge hit in August-September then recovering big after announcing Q3 production results. Look what Doolin said:
At Hollister our Q3 ore advance rates are over 30% higher than the year-to-date average. Our ore tons mined per day in Q3 are more than double the year-to-date average and our Q3 ore advance is providing access to the higher grade stoping areas.
At True North, September ore advance rates were more than double the year-to-date average. Waste advance rates in September were more than 30% more than the year-to-date average and approximately 70% of our stoping fronts for Q4 are developed and are in the process of being mined. The momentum exiting Q3 is carrying into Q4 and we are confident in our plans for the rest of the year.
The other issue that is troubling is the cash burn this quarter and why such an increase in G&A expenses this quarter that raised guidance in this aspect. It was never really well addressed even if I think the first analyst asked about G&A.
The rest was pretty much already known, but the heavy cash burn was NOT known before the earnings release and spooked the market even though they still have $ 43.1 M USD in metals inventory. They need both a high high qtr of production and great sales quarter at high gold price. Q4 could then become a Q2 2017 story and see a recovery over next 2-3 months in SP. All about execution now.
JIN
goldminer01 wrote: Coming soon. They are late on almost everything this year.