RE:AISC
My best guess is that the higher AISC is probably related to the extra development costs at the Sleeping Giant mine. I am no accountant (and I don't read French well), but making two mines operate will always cost more than one.
The AISC has some skeptics questioning the validity or usefulness of that measure of performance. It is perhaps best to look to the balance sheet of the company and see if the company's revenues actually produce any significant amount of real profit. The growth of the cash on hand is a better measure of the company's performance in my mind. Only the extra cash will produce any future dividend. But then, that would be another additional company expense like the royalty paid to Mr. Hinse.
I hope that one day Abcourt mines will be able to pay out a dividend. At least then, shareholders will stand to gain some benefit while waiting for some more significant capital appreciation in their share price. As well, it might make some traders think twice about taking their profits, a little too soon. A solid wall of shares, aways kills the upward trend!
You would think that Mr. Hinse would really go for the dividend scenario if it ever becomes a possibility.
Unlike us, he would get a substantial dividend as well as the substantial royalty which he receives on a recurring basis. We would win once, but he would win twice! What's not to like? It's good to dream!
I received my proxy in the mail. It was a simple matter to enter the vote online. It is basically a rubber stamp approval. What other option do we really have?
Anyone attending the Zoom meeting could ask some pertinent questions. Like, when can we really expect the commercial mining to begin at the Sleeping Giant. This is really an important matter. To be sure, Mr. Hinse will continue to make the Elder mine a profitable operation. Like us, he too, has a lot at stake.
He has a lot more of his 'skin in the game'. The company will remain a going concern. No need to worry about that, I should think!
All the best! Java