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Richmont Mines Inc. Message Board

al_bundy2k 2 posts  |  Last Activity: Jan 28, 2016 10:35 PM Member since: Dec 18, 1999
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  • Roberts just doing whatever the lenders are telling him to do, shutting in production(6500 boe/day), cutting capex to basically zero, and then sitting on his hands and collecting his salary. Production will exit 2016 at around 50,000 boe/day as it stands right now. "We are cutting this and cutting that" but Oh, no mention about cutting down that 8 member, do nothing, "divvy" borrowing, Board of Directors. CNQ, which has over 10X the production of PWE, gets by with 11 Directors.

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    Jan 2016

    by youngretirement2003 Jan 8, 2016 9:49 AM
    al_bundy2k al_bundy2k Jan 8, 2016 12:14 PM Flag

    "New presentation" not realistic as Candian light Sweet average C$46 for Dec. 2015 and is down another $5-6 so far in 2016. PWE's lowest price deck used in any of their very limited assumptions is C$50 in this puff piece that they were too lazy to update.

RIC
4.49+0.12(+2.75%)Feb 11 4:02 PMEST