I still support him. Maybe he got a little spoiled during the 3D bubble and thought it will always be so easy. But he's doing a good job far as I can tell. Stock performance right now is not directly related to company performance
You're saying that in a year, #'s are so tight that a 4% swing is significant. Hard to believe
If you post #' for an extended period of time, like months or a year, and this looks significant, that would be great. Really just looks like a small fluctuation by itself
Yeah I actually looked at barrick's #'s a bit. Also some general stuff, probably saw that same page you linked. Apparently no gold mine is ever profitable
It may have been the same report, but the one I saw was dated 2014 I think. It mentioned depressed gold prices so I doubt it was 2012. It said a lower cost method could be used to start production. Seems like that is what they're doing now with the heap leaching... the report also said that updated testing found more gold, which struck me as positive. Why do you think it will be too expensive to extract the gold?
Thanks. Unfortunately this doesn't really tell me much, since I don't know what case 3 is referencing, and the numbers don't match anything I found in the 2014 report. My guess is that much of the initial cost for exploration and testing has already been done. They're building something now, but I think it's a less expensive type of operation meant to start generating cash flow. If I had owned the stock all the way down from 2 or 4 to 0.40 I wouldn't have much hope now. But at this point , if they are about to start producing, I wouldn't think it really goes to zero. I don't want to pass on an opportunity based on 3 year old numbers. Also, 0.80 sounded horrible in 2012 but sounds pretty good right now. But I saw a total of over a million ounces for the whole buckreef mine. Assuming they can extract even a fraction of that it would be worth more than 0.80 I guess.
In the event that this mine does become viable, current stock price could present an opportunity. With all the effort that clearly is being put into informing people here, I hope you could point me in the right direction to check some numbers myself. There's a document on the TRX website dated Feb 2014 which lists amounts of gold per ton and total gold. It looks like a lot of gold to me, and I don't understand why it is said that extraction will be too expensive. Where can I find reasonable estimates for cost of extraction? What is the basis for saying it's not viable? If you are able to provide this information that would be extremely helpful. Thanks, and I apologize for my lack of knowledge, I do not know anything about mining, just trying to educate myself a little.
You think Obama is honest? Cruz reminds me of a used car salesman and he's not qualified to be president based on citizenship. But he's got more integrity than most politicians, not that that is saying much. Luckily, first to declare are usually first to drop out as well.
They do this intentionally to boards that are being abused. I've seen it before. I have no doubt the guy you are asking to look into it is actually the reason why it happened.
It's down because everyone knows it's dead money for awhile, so there's no impetus to push it back up. As we get closer to some possible numbers, reversal will happen. Until then...
It's ironic that this nothing little stock has one of the better board discussions on yahoo. Thanks for all the info. I guess if it were the real deal money would not have all jumped ship a long time ago