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Golden Star Resources, Ltd. Message Board

  • lund1991 lund1991 Mar 5, 2013 10:02 AM Flag

    my two cents...

    decent year end numbers, decent CC, and 2013 management plan. However, unless cash costs are indeed reduced and the price of gold increases, GSS will suffer lower 2013 revenues and earnings. IMO,GSS is still a bet on what Gold does in 2013. And, there is the potential for a take over.

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    • They could reduce costs any time they want. They're controlling the mix of graded ore so the outcome is where they want it.They choose to process x-amount of low grade and mix with x- amount of higher grade.
      And then they figure in how much they can spend on projects (CAPEX) to bring down their earnings to near zero.Currently they're capex amounts to well over $300/ounce.

      Bottom line...Any extra cash flow is instantly turned into spending.Its rarely banked or used to pay down the debt. Expect repeat quarters throughout 2013.

      Sentiment: Hold

      • 2 Replies to seekerofprofits
      • Golden Star saw a 26% year-over-year increase in its net income to $9.1 million in the quarter. Included in net income is a gain of $9.2 million on the sale of Golden Star’s Saramacca exploration asset, which more than offset the $2.5 million in higher general and administrative costs, mainly due to charges associated with the head office shift to Toronto.

        Without the sale, where would they be. At zero earnings, as managment has planned.
        Their planing and math are amazing

      • How much do you think it will cost to relocate a small village? Will Gss put in state of the art water and sewer etc? I care about expenses as a stockholder,but as a human I hope they upgrade standard of living for the residents.

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