RE:RE:transcript - what a sheet show..Thank you. I look forward to a logical conversation - and it’s hard to find it sometimes on this blog. I had a different read of the conference. The only reason they are in the black is to 131 million they got frok a sale (huckleberry). If it wast re balancing of the sheets they would be again in Red. RC is running at 95% capacity and they still can’t turn a profit! Now we are looking at 15 mil for an electric shovel. Again this will go on the book.
I got th exploration and the plan and the issues with clay. I be n saying now for 1.5 years - there is always an issue. There is always an expense. This mine was to be profitable at 2.50$ US. As for the elephant in the room they don’t have a plan. Next quarter will show how profitable this operation actually is ... finally I am an analyst ... for realsies... however not in this business (mining) - and I CANNOT make sense of their finances. There is so much unknown...
i want ant to be optimistic but it’s hard. I got a pretty penny riding on this. I hate to say it but heir strategic options scare me...