Yesterday, GSS filled one cent gap from Feb. 11th yesterday and Stock price was up over 21% from low of .66. Did the street care about an ugly year end result or that the price of gold is headed much higher this year. At $1400 an ounce, GSS will be profitable and cash flow will be terrific. Gotta a hunch...bet a bunch!
Ugly report. Not surprising considering price of gold last quarter. Will Probably fill gap at .68 from last week. However, GSS's pps and possibly survival is all gold price dependent. IMO, gold is headed much higher this year and GSS will do well.
from transcript..."Investments in infrastructure over the last few years, even before I joined, have resulted in Golden Star having significant processing capacity of 7 million tonnes per annum across three plants within a 40-kilimeter radius. That to me was the inherent opportunity that this company has. These plants enable to process any type of ore on Ashanti Trend. We recently restarted the Bogoso oxide plant with the capacity of 14.5 million tonnes.
Our current mine plan focus on various supply sources to full the plants going forward. The key element of our immediate strategy is to consistently operate at capacity in our existing processing plants which could collectively have as I said previously 7 million per annum.
Over the last 18 months, we have invested in both, in our plants as well as our ore resources to allow us to fully achieve this."
How much would it cost in 2014 dollars to permit, plan build and staff three plants? IMO, a major reason GSS is a buyout candidate.
Gotta love it
very possible. as an investor in GSS, you have to believe that the parts adds up to more than the total. How valuable is GSS's three milling plants worth? They have a 7 million ton capacity per year. How much in todays dollars would it take to permit, plan and build these plants in Ghana today? probably more than GSS's current market cap.