Claude Res Inc CLGRF

Where have all the bashers gone??

[pickeral]

Gee maybe its worth a post as all the bashers have left. So here are a few short notes from the news that I noticed were impressive. First this 1/4 is normally the worst for the company as they have the winter re supply over the frozen ground of about 300 semi trucks and write most of it off. So from what I see they normally spend about 12 million average for the re supply and write some off over the year except they have about 5 million they wrote off this 1/4 on a budget item of 6 million. Now that is impressive with still showing a profit. The other noteworthy item was that they mined 21,000 oz and sold only about 17,000 oz and again still did real well for the 1/4. Now I did put in round numbers for reference you should go and read the exact amounts. Will the market wake up Friday and give a positive on the news? JIMHO (just in my humble opinion)

[kmilne]

You forgot to mention the 2015 outlook......a decrease in production.  I expect that is why the sp didn't jump out of the gate.

[billy4325]

How much is the production expected to decrease?  From what I can tell, 2014 production was 62,984 ounces, and the outlook says 60,000 to 65,000 ounces for 2015, so basically in line with last year.

[kmilne]

Over the last four quarters, the company produced 72,707 ounces of gold. This must include Q1/15, but it would have been nice to expect this for the year.  

[trader99999]

I think they are just being ultra conservative...better to surprise positively than negatively.  They only have to do 15,000 ounces per quarter for the rest of the year to meet the upper range of 65,000.  There is no way they are below 70-75,000 ounces this year unless they have a shutdown for a couple of months.

[tomgranite]

During the webcast they said that they would review their estimate gold production for 2015 at the end of Q2.