RE:Sad days..... There is nothing sad about it!
The Elder mine's hoist will be repaired and its gold will be mined!
It's also possible that the ore presently being mined at Sleeping Giant will help compensate for any loss of ore from Elder. We don't yet know how badly the Elder temporary shut down may impact on Abcourt's near term financial numbers.
But what we do know, is that having two operating mines will have its cost advantages for the company in the future. Breakdowns of mining equipment are not an unexpected event.
Try to remain positive!
Downturns in the gold price are temporary in nature and reflect sell-offs in the American stock market. When these sell-offs do occur, the US dollar temporarily strengthens and the price of gold declines.
President Biden is about to spend a lot of dollars in the coming year. This will provide strong economic stimulus to the US economy. As a consequence, the overall stock market will rise substantially higher.
This will be a move that will benefit all market participants. Gold mining companies are all making a lot of money. In the future, they will make a lot more! Eventually the market always recognizes untapped value. Many gold companies are now priced amazingly cheap!
Infrastructure needs to be renewed! There is a lot of work to do. Workers need to be productively employed. And they need to be properly compensated for their efforts!
So a lot of new dollars need to be spent! We are talking about trillions of US dollars!
The gold price will reflect the amount of dollars being created to get the economy back on track.
Trump has made a real mess of things! Biden will make it right again!
It's a matter of trust.
Abcourt is on a new growth trajectory. The rising price of gold will help a lot!
Take advantage of any perceived weakness in the share price to add to your position.
This present window of opportunity will not last forever!
Don't look backwards! Instead, try to look ahead!
All the best! Java