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Implanting

05/27/14 5:39 PM

#25335 RE: VBgood #25334

Yeah, they're cost cutting, so Fifer's getting $60K/month is cost cutting? You need to wake up. These Fools haven't cut costs since day one. The only cost cutting was when they quit paying the workers at the mine for months and most likely will have to pay them back with interest. We all should be skeptical of anything these people claim they can do.

Let's get the ball rolling on making a change here or we're done.
Nobody believes these people.

gjw46

05/27/14 7:18 PM

#25338 RE: VBgood #25334

Nothing in this notice required international vetting and could have been released within a day of the growth strategy PR IMHO. Cash costs are a figment as solid as labor department statistics. DB and short term debt payoff was broadly touted in the growth strategy PR. Belt tightening is a foregone conclusion.
Deeper forward guidance would have included concessions like Palmilla that are still unspoken for, PDI contracts in place...today, or something simpler like do they have people and equipment to move ore to mill given the large sucking sound coming from Cobre Panama.
Right now IMO, PTQ has Molejon, operating, at some point in the future, at 67% of prior production history and an eviction notice from MPSA with a five year window. The Iberian project is no further along than it was a year ago. Insufficient funds can only go so far.
A rapidly ascending gold price is this company's only salvation because it certainly doesn't appear in the forward guidance or the management for releasing this tripe.G