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Implanting

03/28/11 3:58 PM

#8839 RE: badge792 #8838

Badge, as you may recall the Q2 numbers came out on Friday Jan.14th and we all thought the numbers sucked when we saw them and of course wondered why the gold production was disappointing.
The SP went up that following Monday on no news, then they put a PR out the following morning Tuesday Jan.18th explaining a number of issues that weren't explained in the Q2 details.

They highlighted they poured more gold in the qtr. than was sold and they had stockpiled 8.700 oz. for leaching later for a total of gold processed and stockpiled at 24,053 oz. combined. IMO this was another one of these PR's they've written to make it look like things were better than the numbers reflected and the market bit on it at that time and the SP did bounce.

They sold 13,166 oz. in Q2 and claim they poured 15,353 oz., so that difference is 2187 oz. Wouldn't this 2187 oz. be added into this quarters numbers prior to the beginning production numbers for Q3? I would think so. That 2187 oz. of gold poured should be additional to whatever the actual Q3 production numbers were, so IMO there should be no excuses for low numbers in Q3.

Dry weather and a jump start of 2187 oz. from Q2 should mean they hit the cover off the ball. Let's see what happens.