Badge I think VB is still resting.
So I'll try to help.
By the end of FY 2014 we have a shot at being a 100,000 ounce producer as we should be processing better ore from Molejon, and very high grade ore from Spain. FY 2014 certainly will not be 100,000oz., maybe 60,000oz., but our rate of production by June 30, 2014 should be about 9,000oz. per month if gold is above $1,500. I am talking about the rate of production at that time. With the PDI revenues added we should be profitable.
The late production/payments to DB were due to management decisions to supply FQM and unbalanced production. That has been resolved with more equipment acquired. Financing will probably take out DB shortly, but in any case the amount declines substantially in a few more months.
Did not want to spend too much money having my guy research the past, but he tells me we exceeded some analysts targets in 1996,2006,2007,2008,2010,2011. He also mentioned that many of the times when we did not make the numbers, it was due to things that were not in management control, mostly delays from government entities, changes in laws, Indian problems, delays in equipment deliveries and things like that. Bottom Line: It is a difficult environment and stuff happens. Not sure if the same things will impact the future or not.
The analysts obtain information from the company, but also visit the projects, talk to third parties, are well informed and spend a lot of money in their efforts. Zacks has a very good reputation. I really don't think Steve has any "fancy titles". CPA is usually held by just an undergraduate after testing. I may call him this weekend to point out your post and tell him to ask for a raise to match his 'fancy credentials'!! He does have some very relevant experience, and of course access to top management continually, which few here have at all. He uses specific metrics which have proven successful for Zacks, based on their record.
Probably the one largest failure of management is in the area of communication to the public. My opinion is different than most here I am sure. I think they should only communicate those thing that are mandated by rules. I would prefer they just go private. They tend to over communicate and then when plans/things change people are upset. The little guys scream the loudest for they truly are mushrooms in the dark.
Looking forward one must make choices that fit their investment goal. Is it to trade and make quick money, or make a generational investment, or something in between? As the grimreaper points out, there is nothing to be gained by just crying in a beer at the bar. Annoys others and accomplishes nothing. Particularly when one makes no effort to get answers to make decisions easier.
Some of the most vitriolic attacks on the board are made by those who cannot find Molejon or even Donoso on a map and have no education, relevant experience, or insight and apparently very poor investment strategies. Anyone who has just ridden the roller coaster and not been proactive with their investment strategy and still has a very high average cost, with all the opportunities there have been, should be losers and not complain about their decisions or lack thereof.
In any case, good luck in your investment. Still some good stuff in the pipeline and warrants expire soon. There may be a lemming sell off when Q1 numbers come out so be ready!!!
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