RE:RE:Next years ouncesYes and no. I seem to remember you making assorted negative calls that never did materialize, so is there a possibility that luck had something to do with it?, argh. However, in this case you included a reason, hmm. I grudginly acknowledge that was a good call: a projection, followed by potentially valid reason, that became correct in the future. We hope to see that again/more of it from any participant here.
I also missed much of the runup in gold, had to sell earlier last summer to cover costs on some work. It was not a decision based on company events so I did not mention it in a message. However, I remember I was concerned by the outlook on the grade, and more so by the lack of an explanation as to why this was occurring. I didn't try to find an explanation, but it was unacceptable enough that the company didn't readily come forward with a reason, and I would have sold regardless. As for what I'm thinking now, I am going to catch up on my understanding of this again, then I would like to buy shares again, not that anyone has ever asked me what I'm doing, but since some people might be paying attention to me, I could be open on that. To try to forecast the shares over the short term ahead, one needs to make an attempt at predicting the grade restatement, that involves estimating what changes might have occurred in the various factors to have caused the current situation. Not easy, but I'll try, time permitting.
Another concern, this does not seem to have been a reasonable course of events, the company explained that the numbers needed revision, however, they continued to use the obsolete numbers. Perhaps delaying the revision for too long, maybe even a year past what when it could have reasonably been done. I have never been involved with shareholder involvement, let alone anything verging on activism, but I'm thinking it may be about time to speak up. It may be the delay was encouraged by the details of the CEO option agreement. Since the company is looking for a new CEO, shareholders could/should try to push for revisions to arrive at the introduction of better option agreements, one that encourages that accurate reasonable honest explanations be given at all times, and one that might prevent a repeat of a long delay leading to nothing much more than a stock tumble, etc.