RE:RE:RE:Show me the money!Re the house analogy the only thing to worry about would be if the housing market lays an egg and nothing is selling the seller can sue for closing! From my past experience in the RE business (could be different now, or in different locales?), in a normal active housing market the deposit was just returned and the property is resold. Otherwise the property could be tied up in a court dispute for a long time. Some years ago there were many situations where buyers of preconstruction homes were forced to close in a declining market, plus the banks reneged on the previous mortgage approval terms because the revised equity was insufficient, requiring a much bigger down payment. Definitely a nightmare scenario ... particularly when buying new from a developer.
Options, no such hazards.
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Keno is actually not that bad - if they're doing 600K a quarter at 270 tpd, even lower grades at the rated 450 tpd throughput would yield 1 Million oz/quarter. They did about 600K in Q4 at only 220 tpd with higher grades. Profitability? With the tax losses carried forward, that may be achievable. Of course they've got to keep that feed sufficient, the killer for AXU! But as Nauman stated, Hecla is good at narrow vein production so there's that.
Lucky is back to normal, so that's good. The overall 43% silver production increase over Q4 stated in the Q1 report is largely due to the comparison with Q4 when Lucky produced almost nothing. Compared with Q1 2023 silver production's up about 5% - and there was no Keno then.
The HL Q1 financial report mid-May should be interesting. Historically it's a toss-up: in terms of share price the market runs up and when the report comes out price often drops. It's not clockwork, but it happens - sell the news etc. Same thing regarding mid-April - the RSI gets toppy and often there's a seasonal drop. For that reason, despite saying I'd let the other ~half ride I sold it the other day - but I have a nasty habit of leaving money on the table, sometimes a lot.
We'll see. I had a fairly high gain, and waited a while for it, but I'm a little too antsy sometimes.