I find it very interesting that everytime I phone IR I get the same song and dance. They will use any excuse possible not to tell me anything. I usually remind them that SGR is a public company and that I am a shareholder and this will generally loosen the lips somewhat. however always guarded as to how much I am told. As for page 20 and the inference that they acheived guidence in 2012, I must say I am flabergasted. If that is the case why did they change the guidence on page 4 of the presention to merely say we would see an increase from 2011 (67,000). Is it possible that BMO would have this info before the Q4 and year end financials are released to the rest of us.
As for the 38 million in the black , i believe that is an accounting trick that they have figured out would be best for the bean counters. That is one thing that I got out of IR. I believe it has something to do with shutting the RLM and being able to capitalize all of the developement rather than expense it which was the case due to the on going production in the A shaft area. The shares remaining static at 335 million was another thing that they told me. Ir said that there is no way they would be interested in selling any shares into the market at these levels and would generate enough income from minin g to fund all exploration and developement going forward in the forseeable future. That is a statement i will believe when i see it.
All of that said I still have my tinfoil hat on and remain nervously optimist that the fiat money will devalue as all fiat currencies have done in the past and us kooks will come out on top.