Cha-ching: I don’t have any pain. I sold my shares when the COO sold his assuming he knew the pain that was coming. And it sure did as the price slid to new lows that we are still in now.
As for the gold mine sale to Maudore. They took payment in Maudore shares, worth about 70 cents Cdn at the time. The main asset, under the careful guidance of the CEO, who was the COO at PAL when it was sold, the Sleeping Giant mine is now on care and maintenance. The shares are now worth half a cent. Hopefully PAL unloaded them as soon as they got them.
As for things changing at the LDI mine. The current mine configuration will not allow for better production from UG then they get in Q4. The COO, Jim Gallagher, said as much on more than one occasion. That means no better than 4500 tpd from UG. Assuming a UG grade of 4 g/t and blending with 2500 tpd of 1 g/t from the surface stockpile for a daily mill run of 7000 tpd you get about 190k oz in 2015 using an 80% recovery in the mill. They could run more surface material to get the oz up, but the costs will then exceed the revenues quite quickly.
