ggc.v - i don't think it's lack of resources that is limiting production, as much as it is that they want to make sure they do things in the optimal order, to grow it in the most sensible fashion possible ... the plan as of months ago was to take the existing mill to 1000t/d before too long, by adding new lines no doubt, but first things first, the plan for '06 is 340t/d, and last i heard they were progressing accordingly, and within budget [yes they concern themselves with budget, being determined to make a profit in the business, that's a novel concept but maybe we shouldn't reject it out of hand]
One limit likely is, there is only so much ore you can take out of each face [or whatever they call it in mining] per day ... you have to drill, shoot, muck out and haul to the mill and do this all safely, so to increase production you need to start up more faces ... which is not a problem but it will take time, it's going to happen in due course because they've got the whole Temas district
Reasons i like it, well they have lots of numbers on their website ... outside of the 'capitalisation' page which says basically 'Low Shares Out', this is one of my favourite pages - gencoresources.com
The stock is 'a bit stuck'? ... hmm, looks to me like it's poised to do its next job of filling friday's gap-down by printing 1.88, appears well within range of doing that soon, could get a little help from silver prices ... actually i prefer koan's scenario in which some benevolent holder dumps stock down to one loonie, provided that it happens after i have collected my two hundred fifty loonies for each plump juicy perfectly ripened Aurelian share ... chances of making the first of my lighten-up points, currently well over 2.00, by say six weeks from now, seem fairly slim considering that it's summer, so i don't expect to trade it, best to put the thought into other plays ... although, if/when a piece of property sells itself, and it is threatening to do so, there will be the ammo to triple what i have in stocks, take it a bit past the hobby level, so sure Genco will be on the list, to keep it in balance
You know what would move ggc even in summer, is a bit of good ole fashioned tent-meetin' preachin' by Jason Hommel ... imagine that combined with a recovery in silver and Liller announcing a Big Fancy Deal, ahem ... ah well meantime i'll be in the sedars of other outfits looking for something near as good .... cheers |
