RE:why are shares down? becauseThey have an untapped $ 23 M revolver.
All the extra ore to process also will convert to cash. They need to get the ramp-up as said completed asap to no longer have these "anomaly quarters" as Killeen described it.
If they can get to steady state run-rate of production in 2018, "all in" cost guidance should drop big and they should be cash flow positive to cover ALL costs incl. Exploration.
JIN
prouditalian wrote: the reason the shares are down so much is not that they missed production...its the cash burn. There is a chance if something goes wrong they run out of cash...and vulture shorts know it and attacked.
If they burn more cash next Q they will be forced to dilute no matter what the price is at...Could be 1 buck..who knows.