Spur Ventures Inc SPVEF

RE:RE:RE:Short position decreasing...gltal

[ProtectTheQuan]

My guess is the shorts are in a rush to cover before Q3 results are released. It was a good summer and they brought in a nice haul. So what is everyone watching for in the release? I’m interested i:
1. What’s left for ore in the touquay pit. (Remaining schedule and growth of low grade stock pile)
2. Whether general and administrative costs are still increasing. (Indication of staffing problems)
3. Whether capital expenditures have ceased or slowed. (Status, outlook, and known risks for the tailings facility)

The staff turnover troubles me. It’s likely the hourly staff has an acceptable turnover of 3-5%. Those positions will consist of locally staff they trained that consider this a well paying job with a sweet 4/4 schedule. Much better than travelling into a city for an unskilled position with little or no technical skills. The concern is their large gaps in skilled and salaried positions. It’s  been an aggressive start and many good knights, bishops, and rooks are off the board. The positions they need to fill won’t come locally, and people with those skills will think long and hard before traveling a hours a day over the Moose River road for a 5/2, 4/3 or possibly even a 6/1 schedule. Especially when the mine will move further from the city in a couple years. From a distance it looks like they are left with a few pieces and a bunch of pawns to weather the winter. No millwrights, no mechanics, no foreman, no geologist, no lead assayer. Who they fill those positions with matters. As Buffet once said, “If each of us hires people who are smaller than we are, we will be a company of dwarfs. But, if each of hires people who are bigger than we are, we shall become a company of giants.” Will the GM risk having people smarter than him, or will he continue to sacrifice all his pieces?