RE:RE:The real numbers behind TGZ revealed SPACEDOC wrote: I have to distill the numbers but close to a Home Run quarter + off to the races
I have to distill the numbers (and maybe visit a distillery) but close to a "swing and a miss" quarter.
- Hedging contracts hurt profits
- stock piled gold at Wahgnion hurt sales and increased AISC
- Mgt compensation and warrant costs (to finance Wahgnion buildout) hurt profitability
Fortunately better Qtrs ahead.
Going forward...
- production volumes wil lbe up (Wahgnion oz's flowing)
- hedges will wear off
- higher producttion and average gold prices virtually assured (turning a positive net income)
Good thing they are releasing results on an up day for gold.
MM