Post by
drunk@noon on Jun 18, 2024 3:44pm
Gold up $15 today. Likely down 15, 20 tommorrow. Not adding
to any position any more. TXG is one of the few good management teams out there. Although after an excellent Q1 conf call-where she improtanttly stressed M luna and the underground will be able to produce 450,000 oz for years to come- she want on to talk about them looking around to make an aquision. Which of course would destroy shareholder value just when wouold be able to benifit from major free cashflow pouring in starting in 2025 when M lundi get built and ramped up.
Other dilution kings do nothing but destroy shareholder value include the ORE zone guy, and the ARIS clowns who have done what they have to dillute and destory sharholder value and will always do so.
Not to mention Victoria gold and their 1700 plus AISC. Not to mention the worst of all time CG and their streaming deal that gives all the profits of theiirBC mine away.