RE:Re: N.R. and ResultsFor Q3 ended June 30, they produced 12,764 and sold 12,761 at avg price of $1,720 per ounce. Since July 1st, Gold has not traded less than $1,780 per ounce.
One would have to think they have sold more production at decent prices (+ $1,720), and/or have at least had the chance to hedge some production. I would anticipate another decent run here in Q4, however, I think those financials don’t have to be released until end of December, maybe even end of January (Year End reporting rules)
I would hope they may have another such news release similar to July 8 with some forecasts for Q4.... to let investors know what is happening. I have not picked up the phone yet with this company. Has anyone on here tried? If yes, care to report?
Personally I think that the company is very undervalued here. That much free cash has to ultimately have a purpose, or be a attractive for a take over. As of today, the market cap of the company is $156.4 Million...
I continue to hold and add on dips.
As for the price of gold direction? I think US election results will play a factor in that.
Good Luck,
FI4
Zola2 wrote: Company got rewarded for the great results.
Possible more to come, but the P.O.G.
which direction?