NegativityNormally, I wouldn't resort to calling some bashers on these boards, but when you've got one of most solid companies with arguably the best open-pittable resource in Canada and North America and you're still getting people nit-picking every little thing like, it's just best to tune it out. I don't worry about 5-15% corrections, I buy on sharp dips and focus on big picture.
"Meeting deadlines is a precursor for what's to come" bla bla bla...
To say something so stupid (especially when they've come out ahead and warned it might be late - unlike some companies that just let the date go by), but discounted the fact that Manson built below budget and ahead of schedule is just nonsense. Watch as I do, not as I say. He accomplished excellent financing for Stornoway, built on time, built on budget, made key hires recently, and it's hardly his fault what SWY.TO stock did afterwards after a horrid diamond market for the past two years, and operations not being up to snuff.
My main focus is get FS study out on a good schedule with lowest capex possible, hope for a suitor, if a suitor doesn't come, build mine and do it on budget, get good financing terms, and do it before schedule. This mine is not going to go into production without a suitor coming in, you have less attractive projects in less attractive jurisdictions being snapped up for $300 - $500 million (Barkerville, Continental) etc. We won't see production here unless gold prices collapse to below $1,000/oz and M&A halts. Therefore, argument of what happened after SWY went into production is irrelevant or what share price did after, the key is that he built on time, on budget and financed well for company.