Nothing can save you dupes from your own demise. A massive supply of natural gas overhangs you dolts, like a ghallows. Aubrey put your necks into it!
Your industry is in deep deep weeds. LOL
Aubrey leaves you a carcus, and then he moves on with geo records and raises more capital from more patsies! Here is your industry model; borrow, drill, deplete, hedge at bottom, borrow more, dilute, rinse and repeat!
For only a few micro seconds did this dip that low, $16.20, as the FED announcement hit the wires, and then, boom....up GG goes. Is it possible that golds long nightmare decline from $1950 ounce August 2011 to yesterday....is over ?
Which means they have mined and sold off tons of 'low hanging fruit' since then. This is a tough business, much like oil/gas. Borrow, drill, dig, deplete, borrow more, hedge at bottom, dilute, rinse and repeat.
$12 book value is less than impressive, and that number will be facing 'write downs' going forward.
With such a wide competitive moat for your 'products', and with long term debt of $1.3B, intangibles of $310M, and goodwill of $96 M, this thing must be worth trillions more in market cap ?
I can read a balance sheet, dolts!
Executives of this bamboo yard should be penalized and have cash 'claw backs' for their overpaid destruction of this public company.