I don't know what "clear strategy" means in his mind. Did he send you this in response to direct questions about the liquidity?
The "strategy" certainly doesn't refer to the financials or the balance sheet. He's just mentioning the plan operations-wise.
In any case, if you care about my interpretation, this doesn't say anything. This is just talking to say nothing.
Here is how I see his statement:
"The Q2 results were excellent as was the press release." --> well, since the stock is down 25% since the release, we're lucky that they weren't bad because it's hard to imagine what the stock would have done...
"Management has a clear strategy – to raise Twangiza to steady state production at design capacity levels; bring Namoya into commercial production and reduce operating costs. Management has shown a proven ability to execute that stategy very well. It is a very positive harbinger for the future."
--> absolutely, the "strategy" of maximizing the output of your mines at capacity while minimizing your operating costs to rock bottom is an excellent one! I believe this is the "strategy" of every gold miner (or raw material producing company) in the world...
Anyway, in all seriousness, this is the type of response that I would expect. Just a general statement that doesn't really say anything.
Thanks for sharing his reply.
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