BTW, Shorty, the Q2 earnings also states fairly unequivocably that their current run rate is 20,000 ounces per quarter and that they expect to continue that through end of year.
That means we are guaranteed in Q3 to have a minimum increase of 48% in production. Add in an increase in the price of gold and silver. Add in the $2.5 million that will not have to be spent in mine cleanup. Plus add in the fact that with multiple stopes now in operation (2 currently and a 3rd before end of quarter), the grade of the ore will substantially increase.
Now just think what that is going to do to the profit numbers?
Hopefully, they will continue to confirm that the 43-101 is expected out by end of year. As for July numbers, they have always objected to giving any numbers. So I would not expect that to change.
No, a desperate retard. 13.5k ounces produced, all expenses paid for (including the dividends) and the treasury gets increased by $4.2 million.
That's an ATM machine we have going here. And just think, Q3 will see higher quality ore levels, given the additional stopes in place.
It only gets better from here and worse for the shorts. I believe most of the shorts held out until seeing the Q2 earnings. If they have any brains in their bodies, they will be looking for an exit as quickly as possible.
Going to be fun to watch. I am sure they will try some tricks at the opening or during the day tomorrow. But the overall momentum will be against them.
Keep buying. That is precisely what you are the other shorts are going to be doing tomorrow.
13.5k in the quarter is not bad at all. The run rate is 80k, so that's what matters going forward.
BTW, did you notice that the treasury increased by $4.2 million, after ALL expenses (including the dividends) were accounted for?
That means they have the wherewithall moving forward to increase the dividend and still make a profit. You picked the wrong stock to short, my friend.