Post by
POG1200 on Sep 30, 2020 10:45am
Next Report
Is due the end of October - essentially this month. It will cover June through August. Those were strong months for the price of gold.
Often these reports seem to include stuff that increases cost and reduces profit. Cost is way too high. They just have to work on that.
Hopefully there will be something left over this time to improve operations without having to borrow. Interest on loans to the insiders is a lot, but they are suspending payment until later.
Will soon see if they can show a profit this time. Were much better for quarter 4 this last time, but still not quite there yet. Seems reasonable to have some hope for these last 3 months...