RE:RE:More than half a billion USD market cap. wiped out Wuggy: All else being equal, I'm looking forward to approx CAD$20/sh by end Q1.
That would be an excellent recovery Wuggy . I hope you are correct.
My concern is not the 9g grade.
They obviously were trying to mine a lot of higher than 10g ore in Q3 and Q4 to show off the mine's potential.
Eventually if they were able to stockpile some higher grade they would have been blending with the lower grades above 5g that are stockpild already so 9g to 10 g is probably a realistic grade longer term.
What annoys me is that when a problem arose they tried to hide it instead of just taking the hit that will eventually come once it is known anyway . This opens up the possibility of stock manipulation abuse and serves no long term purpose.Some short term shareholders may flee immediately on any bad news but all mines have startup and operational problems from time to time. The mine will prove itself profitable long term or not as long as management operates it properly. Hiding operation problems until quarterly reports weeks later seems more like a strategy of a management hiding things because they're afraid of losing their job's. If they suddenly found a Bonanza Grade do you think they would wait weeks before letting us know ?
They make very good compensation to operate the company and we deserve to be informed promptly not kept in the dark. Its our money they are playing with. They are entitled to a good salary if they do well but deserve critism if they don't regardless of how the company fares.