Post by
lancealoz8 on May 06, 2008 4:45pm
becoming a producer
I prefer a management which cares enough to explain what happened ,than one which does not explain anything.Bringing a mine to production is not an exact science,and many things happen on the way.WGI will reach its cruising speed in 2 -3 years from today.Until then,growth and share price movement will be fairly steady,probably less spectacular than during the past 2 years.
I am somewhat disappointed myself in the sense that actual results are significantly weaker than expected,but having seen the heap leaching process at work myself,I understand why they experienced problems.These are old mines which are being revived based on newer more efficient techniques.The required adjustments will tell whether the company has the right idea.