GREY:GUYFF - Post by User
Comment by
miningbeliev15on Jul 18, 2018 11:21am
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Post# 28332788
RE:Revised 2018 Guidance
RE:Revised 2018 GuidanceInvestors should remember that GUY announced a lower mix last year in connection with their Q2 results - https://www.stockhouse.com/news/press-releases/2017/07/31/guyana-goldfields-inc-reports-second-quarter-2017-results-and-maintains
- and the Company had a great 2H 2017 and lowered costs as they expanded production. I think management will repeat the same in 2H 2018 and again lower costs. They are delivering even if you don't see it in the stock price right now. I added to my position.
While a lower gold price is a headwind, non-trading investors need to remember that GUY is a low-cost producer with great deposit growth potential in a stable country.