RE:RE:RE:RE:RE:RE:another positive dayJCSunsfan wrote: JoeStockIQ wrote: JCSunsfan wrote: dheadley wrote: Probably all the whining on Stockhouse is finally starting to pay off. :)
Well. Its about time!
We have already gotten guidance about production numbers and cash balance for Q4. So we already know that the report will be less than stellar. Has the market itself been paying attention to the guidance or will it be negatively surprised?
I would like to think the guidance is already baked in. I hope so.
With all due respect, you're too focused on the production numbers and cash balance that management has provided. Instead, focus on cash burn and reasoning. That is where potential problems will be found. Do you all understand this?
? . Cash balance at Q4 end is the indicator of cash burn.
First, you don't know what they're spending money on until you read through the financials. Second, you don't know what they're spending money on in Q1 of this year until the next report comes out. Third, we don't know the extent of the potential issues Gibraltar is facing until we get those same numbers. How and where did they spend the funds from the private placement? Those funds were included in the end of year cash on hand balance. These are answers that must be looked over thoroughly. How did these questions affect their C1 in Q4? In 21 Q1? These questions are more than likely the reason why the current share price is substantially under $2 US. With these super strong copper prices, why else is the share price where it currently stands, as opposed to $2.50 US in 2018 when copper prices were lower and Florence was years away from fruition?