I thought I laid it out pretty clear that the fact they aren't profitable wasn't the surprise -- rather the amount they lost is the bigger concern. Considering they have very little cash left, I think it's very possible dilution could be coming in very near future. If you remember the last time they had a share offering, there was a few "good" PRs released just days before they announced it. It's almost like they were trying to pump it up to get people to buy. Weird. But I guess you've got it all figured out diehlr1. Still long and strong.
think forward, not backward, like stocks do, stocks think forward. down today, meaningless, not many are wise, crooks play, manipulators, stock operators, they go up 'n down wildly at times, voting machines, not weighing machines!
I disagree, i think it will be a very bad quarter in terms of oz's. mined, cash costs, net income and cash flow. Thats why they pre-announced the cost reduction efforts. That being said they need to prove they can be cash flow positive at current production rate and have a sustainable business model. Good progress on the cost front but finanicals are going to be butt ugly. Full disclosure i sold my original position for tax loss in May time frame, back in in the +1's to wait this out. Gold at $2,000 oz. makes this company look a lot better than gold at $1,600, i can wait but they need to stop any cash burn, to give them options. GLTA
I agree. What they just did with this release is to slow-walk bad numbers for the quarter. If the restructuring results and implementation are perceived as a positive, the market will ignore the actuals and stock will rise. If not, this thing is in for a whole new world of hurt.