RE:RE:RE:RE:Well said Geosan....!There's obviously risk with every investment and the company is facing challenges within the market during a down turn. This is why solid gold companies operate with the margins they do, and why in the beginning of a recession gold miners get the shake down.
It's interesting for juniors because they are sitting on viable leases that may not be feasable for them anymore. As consolidation occurs the weak die and the strong survive and then price goes up. it took about 4 years after the 08 crisis for gold to really peak after its initial price increase.
As for AR they have locked in contracts for 1950$/Oz and they are securing finacing in other forms have been solid moves. Sorry shareholders but you must hold the bag for a bit. The facts are is that they have a solid arsenal of money to complete the project and start operations. Otherwise the company still has quarterly revenues to fall back on with decent margins. @58cents the company is worth about 195M with revenues at 400M, mangino will double that once fully operational. and then any premium associated with gold's increase in price.
I dunno, I'm bullish, I don't consider this stock one of my flyers but just basically on sale, and if they pull this off then it'll be awesome for revenues and shorts will cover. The upside is too great and I don't believe the company is going to zero, maybe bought-out but that's also not a bad option.