RE:RE:RE:Take the money?I will tell you exactly why I think it worth holding on at least for some time
You are blaming the wrong management for Magino, they arrived end of 2022 with everything already put in place, mill was almost finished, fleet was ordered, power supply put in, mining plans ready, hedges and debt in place. Most of these did not work out as planned even though management wanted to make changes it's as if you were turning around a container ship, takes years and it will eventually happen with a longer runway which was not available to Young.
Now take a look a Florida Canyon and what this management managed to accomplish, rising production (actually record production) decent costs, drilling and expanding life of oxide resource and potentially unlocking sulphides.
Management is now to blame here, flawed feasibility study combined with debt and hedge overburden, Magino mill underperformance due to failing components and much lower grades than anticipated are culprits.
I am willing to let them work on FC and Cerro del Gallo for next several quarters to see if value can be unlocked although from my info Richard and Marc aren't staying with SpinCo