EXPM:HRTFF - Post by User
Comment by
Goldon45on Apr 14, 2020 11:52am
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Post# 30907612
RE:POG 1800 US---2500 Canadian--WoW
RE:POG 1800 US---2500 Canadian--WoWFlyhi2004 wrote: Steve Roman sold us out when he made what he called a fantastic deal last July and then told us in November they hedged 80000 oz at 1300. At todays prices we lose 40 million in revenue on that alone. Thanks for the great financing plan to bring the mine up. The money was not there to stablize the mine so he sold it out on the cheap and the share holders are left holding the bag. Financial execution failure along with a one year plus mine start up execution failure and now down on care and maintenance for who knows how long. This could have been a huge cash cow. When Steve made those videos and said 700 AISC and mine running well when tailings was frozen solid last February I guess I should have known better. We still have a chance to be bought out if gold keeps climbing or we may come around on our own once the team gets thier $hit together but this is painful to watch the price of gold sky rocket with no appreciable bearing on the company what so ever to this point.
You need to go back and review the facts. Your comments have the benefit of hindsight and events that are out of control and unforseen.
When the hedge price was set, it was a good deal and one that was needed to receive the financing of an even less proven property and company. We are not hedged at 100% so we are still benefitting from the current pog.
Stop whining the same old sh*# and get out if you are this unhappy.