So if production costs are meaningless during the ramp up stage, then you'd agree it's meaningless for mgmt to be tracking them. Yes?
Of course you would not agree with the above statement, and would expect (demand?) that mgmt be tracking them.
Surely it is not mgmt's choice to release only bits of information, rather than the whole picture. Yet again I make the point that best practice, as followed by numerous junior gold producers I invest in, is to provide these costs to the market. Why would AYN mgmt not want to follow best practice?
The point I am making is that by not releasing production cost information, mgmt are not allowing you, the owner of the company, to make an informed decision on whether the current SP is fairly valued or not.
Critical, I would have thought given the low level of cash on hand, and the possibility that should funding discussions with CS fall through, a CR may be needed.
The market has been waiting for information on production costs for many months now. No excuse, as there have been multiple announcements regarding production amounts and revenues.
AYN Price at posting:
5.4¢ Sentiment: None Disclosure: Not Held