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Re: BMO - BMA Gold
Do you guys know what kind of inventory system are they using?
Do you guys know what kind of inventory system are they using?
]silence said:Arghh, still nothing. Gold approaching $700+ again!
There are now a LOT of sellers in the 0.31-0.35 range.
I think we need some good news or I'll be out again. There is some support but not a great deal.
Any other opinions? I'm thinking the day I sell is the day before a big announcement of some sort
Do you anticipate they've turned a profit for FY06?YOUNG_TRADER said:Unloved and completely ignored by the market,
I struggle to understand why a company like this gets sellers jumping off like this, @ 27c its a steal, however there may have been something bad in their qtrly so I'm not buying anymore, just waiting to see,
I they produced 10k oz's this qtr at a cash cost of say $400 (higher due to intiall production, ie slower, lower grades, comissioning etc) it will be very impressive,
Still the short term voting of the market seems to be neagtive towards this stock
Understood. As a ASX newbie, I've been amazed at just how many production delays new producers seem to encounter along the way. BDG for example, and MGX has been shocking- promisng 3mta production by April, then they keep pushing it out (now not until 07). There seems to be a massive inherent risk in new producers vs. established that are up and running (ZFX-MCR both seem to nail production quotas easily).YOUNG_TRADER said:Hard to say given that the first 3 qtrs of the year were development and its only been this last qtr as production,
It all depends on their accounting etc, but I'd expect a small maiden profit of a couple of hundred thousand $
I'm more interested to see how much ore they pulled out of the ground, gold head grades, recovery etc etc
I know the operation is very young and thus will expect a few hiccups, but would be very pleased to see a smooth transition from explorer to producer
2,500 oz for the QTR... are they digging with their hands!!! I'm going to drive to MacKay and kick some bogan miner ass!YOUNG_TRADER said:I don't know what they're doing over there at Twin Hills, I mean are they working or just dicking around?
Very poor qtrly, I'll wait to see new resource upgrade, but I have lost alot of respect for this group of management
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