Re: Well, at least they met guidance. Barely.
posted on
Jan 24, 2014 06:10AM
Wow... Production is DOWN 11,500 ounces from last year. At $1,300.00 an ounce that about $15,000,000.00.
Lsg is on tract to produce 150,000 to 170,000 ounces next year. A company that typically traded at a discount to SGR.
I've heard every excuse in the book from these guys. John Embry was correct from day one. You can't mine this property profitably. The company is broke. Do the financials on Q4.
Absolutely pathetic!