Today's news blindsided me too. I was hoping everything was going well at the mill/mine these days. A low number of ounces produced in the quarter means less cash for operating, which makes it even more imperative for production to ramp up before the kitty runs out. The delays encountered (late arrival of equipment, fussing with the liners under the two geotextile tubes, an accident with a truck, a failure of the main pump, more hangups with getting the 8 new geotextile tubes to be acceptable, and diverting all the workers over to doing the above things) appear to be minor and/or temporary, such that ramped up production is (at the latest) possible by sometime in 2012 Q1. If my seat of the pants impressions of the report are correct, the company's plans (and our fortunes) have been set back by about 3 months maximum. Some shareholders panicked out today. Others were still optimistic, but too impatient to wait around any longer, so they liquidated. Others bought in on the dip, either to flip today or later, or else to increase their long haul position. In my own case, I'm sitting on over a million shares from way back and will wait however long it takes, like many others on this board. Sooner or later this little company will be pumping out the ounces in fine style. I want to be a shareholder when that happens.
