Golden Queen Mining Consolidated Ltd. (fka GQMNF)

[rhugh]

They had to keep the stock prices low or pay more. Remember there is the first quarter report due out in a little over a month. Then analyze the year end. Conclusion: ramping up and profit lag 1. Took top off mountain to access the high grade. Have identified new veins and gold grade good. 2. now making gold at 900 oz- and dropping. 2. Put in larger crusher. 3. Stockpiled 2 months ore not on leach pad. 4. Leaching takes at least 2 month to start seeing the higher gold rates so 4th quarter production still not on balance sheet. 4. Improving leach methods to treat more ore. 5. Bought 2 new trucks and new drill for 7 million and lost 7 million.

I'm long on this. Richard