Post by
Notrichyet on Aug 08, 2016 11:54am
Confused?
Hello
As stated in my early post, im quite new to investing. I'm curious as to why the price has gone down so dramatically? Based on the release, production has started and they have ore to be refined. This is good news right?
Is there something I am missing on the outlook of Aureus Mining? Are there any information that the people who are selling have that I may not have access to?
Thanks in advance for your answers.
NotRichYet
Comment by
battlemage on Aug 08, 2016 12:01pm
The plant isn't producing right now, they have repairs and still need permits. Also they will need financing to bring it up to full production. I quickly read the release & that's what I gathered
Comment by
theo1264 on Aug 08, 2016 12:15pm
Excerpt for NR: "Since the recommencement of processing operations, gold shipments have resumed with the Company pouring and shipping approximately 3,500 ounces of gold." So it appears what they have produced 3,500 oz for Q3 thus far.