RE:RE:RE:An interesting day today.....up $0.42Don't get me wrong. I am long this stock and enjoy making money. However, the week prior to a bad news release by TMR saw a 30% decline in the stock. The release was at the close 8/13/18. Basically it read: a) Reduction in throughput whilst starting up CL2
b) Forecast grade reduction for Q3 due to "mine sequencing"... should be restated as "we are afraid to put our higher grade ore through the mill because we are experiencing low recoveries"
c) The plant had several stoppages and that is affecting recoveries & throughput
d) The lack of both throughput & and recoveries combined with a dropping POG... we will see a reduction in Cash Flow... and risk being offside on banking covenants.... Gold was down from 1215.60 at the close 8/6 to 1200.50 at the close 8/13. Meanwhile TMR went from 7.19 to 6.29. Likewise, this move is far, far greater than POG. Look for a positive news release on 2/1 or 2/2. I would like to be wrong.