Post by
MoonWatcher on Nov 01, 2019 10:02am
Endgame approaching
Looks like they are working hard to take this company, which I think is inevitable, must still be seething from the summer screw up. Hope I am wrong, but I don't think any other offer will be under any serious consideration.
Comment by
flashcash on Nov 01, 2019 10:08am
We are now generating profit as the gold price has improved a fair amount, if we can conserve cash we can slowly rebuild the plant to run at 2000 Tpd. So it's not as bad as it looked in summer.
Comment by
MoonWatcher on Nov 01, 2019 10:20am
What you are saying is very sensible, but has this mgmt acted in such a manner before? I can see them inflating costs, and jeopardizing any chance of the company becoming self sufficient. I know I am being very negative, but this thing has been very frustrating, since the stock price could have been easily in the $1 range.
Comment by
Pipes33 on Nov 01, 2019 10:33am
I just don't get how you think we could be $1. We have $20m of debt, we are STILL losing money, and we have a strategic review that has drawn not a lot of interest. i would love us to be $1, but when we were only 14c not long ago it is wishful thinking.