Hey plough, cheers for the reply, no scathing reply today anyway
As a bystander, I would have to agree with your, to date, your stock picks have done quite well. Clearly I need to be more negative/bearish on stocks until they are in the 'darkest before the dawn' position.
I am hopeful that you have indeed timed your entry quite well.
I think your points about the company to date are accurate, a speed pump will hopefully be all that this is.
I will leave BDR alone, although I can only hope I have learned from holding the stock, that you should only believe 10% of what you are told and focus 90% on the numbers. As for the trucks, yep and yep. They needed more, earlier. Simple as that. Plus of course, all the stripping needed to be done around 8 weeks earlier etc.
btw - You are correct about the diesel being hedged, but also, GCY has a very large hedge for their gold production over the next 4 years. So far, it has been an extremely wise move (albeit they had to do it to get the loan). In fact, they have basically hedged 70% of their production until June next year at about $1730. After that it reduces to around 40% of production, unless they find more oxide (which I think they definitely will with Plymoth and Greencock). Of course, POG stills rules sentiment.
Hopefully GCY emulates DRMs more recent share price recovery!
