Post by
diceroll777 on Jan 10, 2018 10:05am
Dif blog
Saw this commentary on another blog. He sees it pretty positive.
Best news possible. True north was a drag. They will still make their numbers. Now they can concentrate on the Nevada operations. Bet we open down tomorrow and close up on the day. The net impact on future earnings and cash flow will be possitive. The analysts were already counting true north as a negative. They may very well release production numbers before the open tomorrow with 2018 guidance to soften the blow. We are way better off going toward without true north. They will never go back to full production there. It will be dressed up and sold for more than they paid for it, probably enough more to pay back the Capex spend too. Just my opinion. We'll see what the market thinks over the next few days.
Comment by
phil_t on Jan 10, 2018 11:47am
...and they only paid $32M for this operation. But the MO for gold stocks lately has been utter devastation on any negative news.
Comment by
JintsuGehan on Jan 10, 2018 1:00pm
The stock is down 11 % because the market has factored in now the miss in guidance and lower revenue already. Hope they can still make low end of guidance somehow but doubt it. JIN
Comment by
CaptainConn on Jan 10, 2018 1:16pm
They will report missed guidance and high costs. Changes wouldn't be made right at the start of Q1 if Q4 2017 hadn't been another bad quarter. Like i said: it is going to be a long road back for this stock. I hope you own it in a retirement account and just forget about it for a few years.