GREY:GPLDF - Post by User
Comment by
cyanide5on May 14, 2020 4:16pm
196 Views
Post# 31029557
RE:RE:IKN - GPL an embarrassment to the industry
RE:RE:IKN - GPL an embarrassment to the industrywhat a sheeet shoow. Awful negotiating by mgmt on behalf of current share holders and vision in their rear sides..
i am the only one to blame for not bailing sooner when there was opportunity recently but really thought with gold prices rising, tucano continuing to produce etc etc, the pain is behind us..
i cant even begin to imagine if Brazil shut down the mine, what would have happened then? with the pre payment and off take of around 20 MIllion USD only at the beginning of the year, they haev run out of money...
Why the Facck would you do the xtra stipping and incur costs when you budget and cash flow does not allow you take those expenses...
Mr. FX as negry calls him was a worse ceo than who he succeeded and that says alot.. the one preceeding him was bad enough...
Ridiculous............................... even though gold was higher today, i am in the red because of this POS.. i just cant say enough.
only much higher gold (which i am of the firm belief will come) will save us.. It is a high cost producer. IF and ONLY IF they can reduce costs starting Q2 and start showing some FCF with Gold at 1700 plus, we will definitely see things turn around...
BUT they have given away at least 5-7 Million xtra share than was required in this mkt especially with gold going up and up... CRAZZZZY... incompetence at the higest level. Us small shareholders unfortunately always take the brunt.. another lesson learnt for me by investing in risky companies with track record of incompetent mgmt!