Post by
kegman on May 12, 2023 8:05am
Excuses are for losers
THat is one wild profit report. Things are always held back for a reason. Not for the benefit of retail. If everything was so great why the need to hedge? To get the better rates on financing. Non disclosure of this stuff when it occurs, putting out the report after the meeting..not the work of a retail friendly board. My only hope is the new folks on the board will make John straighten up. I am thinking, from 10,000 feet and a small conpsriacy thought, is the company beholdent to a group who is playing the price on both sides? How do you explain the continuing drama....the stuff in the ground is woth a lot. These guys are blowing the chance for us to profit but I am sure they are. Please someone take out this company. 20% is still $12 OBWON. $14 would be okay by any of the big boys. Remember they would be taking on the debt as well.
Comment by
OCB1234 on May 12, 2023 9:21am
kegger - The only way I would be fine with $14 is if it happened very soon before the mining sector really takes off, especially for producers. I anticipate we could all see our mining stock portfolios double when that happens (before year end), so our $14 would equate to $28 somewhere else. For example, something similar to the first six months of 2016 where the GDX saw a 98% increase.