GREY:GUYFF - Post by User
Comment by
amirfaon Jan 16, 2019 7:52am
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Post# 29238178
RE:RE:RE:RE:RE:Q4 Op Results
RE:RE:RE:RE:RE:Q4 Op ResultsI wouldn't worry too much about the cash drop that can be easily attributed to the difference in gold produced vs gold sold (around $6M). Cash didn't materialize but the costs would have.
Loss last time was mainly because of the structural changes (i.e. leaving directors etc I reckon and this is continuing with hiring of Holloway and geologists for grade sustainability review )
Don't think they would have cherry picked the stockpile, rather it should be in their interest to keep the best of the grades for future to hold SP at a certain level to acquire as much as possible at desired price.
Having said that who knows whats up...Just my thoughts.