RE:RE:Level 2 UpdateNLMoose wrote: It might not last too long after Anaconda Mining suffered massive losses in their second quarter.
You sound like you just found out that we are losing money with the low grade we have been feeding the mill since the beginning of the year. The Q1 results were even worse than the Q2, and Kevin had already said that Q2 would not be a lot better. Everyone who saw the production results released last week understood how bad the losses would be and the share price had already adjusted accordingly.
You seem to forget that what drives the share price of ANX is its Goldboro project. A few weeks ago you thought that the NPV and IRR they published justified a share price of $5.00, and now you think they will be bankrupt next year !
Anyway, you should be happy today because ANX went up in unison with the price of gold !