GREY:GPLDF - Post by User
Post by
cyanide5on Oct 19, 2020 5:39pm
295 Views
Post# 31745269
This is getting a bit nerve wrecking!
This is getting a bit nerve wrecking!this is my biggest holding and i was hoping it would hold the 1.1-1.2 area before next leg up...
production was decent albeit i expected them to produce another 2-3K ounces in Q3 with total production around 42K which would have been great.
We need some news on drill results. Last we got was back in July and its been 3-4 months since and crickets... would be nice to see that they have more ounces and are able to replace and add to reserves... thats imperative and thus the dicount to peers.
High gold prices are definitely helping because if it wasnt for that, it could have been the demise for GPR where we were back in Feb/March of this year.
MGMT really needs to sort things out and extend the mine life for Tucano... the acquistion wouldnt be worth it if they cant atleast extend the mine life by 5-6 years from here as they have burnt so much money turning the operations around. Now is the time to reap some benefits while reigning in the costs or at least maintaining them!!
wish i had sold a few more shares in hindsight but i was hoping for 1.5 and then 2 dollars CAD at minimum by Dec... still possible but definitely a painful consolidation as gold and miners prices are slowly dragging down for last 1-1.5 months!