RE:RE:Resource updatesilentreader wrote: sunsurfer11 wrote: Had to take some shares off the table..this long waiting period for the resource estimate is killing me..last time I had to wait for a long time between updates was not a good experience..there is a reason they were reluctant to publicly update lousy reserves
They have postponed by almost a year the release of their updated resource statement, and here they are once again waiting until the last minute of their stated release date. I wouldn't be surprised if they don't meet their Q2 dealine once again.
If the steady decrease in the actual grade we have been seeing in the last 5 quarters is an indication of what's to come, don't hold your breath on any good news, except for the addition of the Ivory Coast resources.
But Dorward and his clan are sure getting richer every day with shareholders' money.
Definitely one way to look at it.
Grades have been lower because of mine sequencing. They should increase in the second half.