I see you are not just a loser, ultraific; you are also a liar. You know very well that I have nothing to pray about Claude. Actually, I predicted its demise when you still hoped on turnaround there.
By the way, do you remember our exchange about TC on Claude (CLGRF) board? TC was about twice higher at that point and you tried to pump it then the same way as you do now.
Finally, my remark about “working in mining” is just a small payback to you for your silly attempt to attack me on RBY board. Hopefully, it will serve you a lesson.
Try to make few bucks on stocks, ultraific, before trying to play an expert on these boards.
PS: I apologize for interruption to this message board; just had to return favor to this guy, ultraific. No bad wishes for your stock. Hopefully, it recovers soon.
Also, my best regards to oldtimers here. Some of you could remember me. Good luck with your investments.
Nope. IAG cuts dividend to save cash. It has negative cash flow, as any other gold company at the moment and cancellation of the dividend reduces cash bleeding.
It can be noted, as diversification point, that IAG generates positive cash flow from secondary source: niobium mining. It is a valuable feature giving this stock some positive difference from other gold equities.
Hello, agiraffe. I want to add few comments to your message.
Firstly, regarding “unfavorable ground conditions”, I brought it in as a possible explanation for known change in mining method and downsize in economic numbers (from initial to updated PEA). In other words, if someone lives in real world and accepts numbers as they are presented in the updated PEA then those possibly unfavorable conditions are thing of past. On the contrary, if someone lives in la-la land still believing in enormous amount of gold with extremely high grades (all numbers much higher than they are specified in PEA) then those “unfavorable conditions” are still waiting to drop on this person head.
Secondly, regarding borrowing, I don’t think that traditional loan could be available for RBY. The only way to “borrow” would be through streaming or gold loan. Traditional banks won’t lend to a company without cash-flow producing assets. In good times of bull market banks could accept feasibility study as a semblance of proof that cash flow is right around the corner. This part is hardly available now, when it is hard to find a gold-producing company with positive cash flow. Anyway, RBY doesn’t have feasibility study and so it would not be able to get conventional loan even in bull market.
It is the easiest thing to show pio-puke as a fool, because he is a fool. The latter becomes clear any time he open his stupid mouth. It can be noted that additionally to being a fool pio-puke is also a greedy and lying creature. It makes him more visible than an ordinary fool.
If world economy holds, i.e. growth continues then copper market enters bullish stage in near term and SCCO should go much higher than 30. As of now, positive signs prevail, imho.