I owned this stock years ago and was lucky enough to sell out, however I have followed it ever since.
I state the above because I am trying to be clear I am not going to downramp. I posted similar thought on MON a few months ago.
Looking at this stock unemotionally, I would suggest its high production costs and massive cash burn are big negatives. Many gold miners have gone under for this exact reason, MON GLN BMO etc.
The news out of the company has been bad for years with issues unable to be rectified. Although it may hurt, i think it may be best to take funds off the table, and use the capital for another day.
More small gold companies dissappear due to high costs of prod than they do as explorers.
Good luck to all
TAM Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
