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Posted On: 03/24/2020 6:47:36 AM
Post# of 2062
I read some positives here. Ok so prob not hitting 10 oz a day by the 31st, however they sounds like they are not far off, and cash flow positive means can keep moving forward. The reduction in costs is big imo because the big miners are cutting their guidance for 2020, also closing some mine operations and laying off workers from the virus. If mexus can lower costs at a time when production is slowing around the world I see as positive. Lastly gold prices, with helicopter money now in the works we could have a large spike in price very soon. Granted it’s not the clear production guidance we all want and mkt wants, and not clear about the debt load, but at this critical juncture in the world economy- I think I’ll take a low cost producer that is cash flow positive. From the last few prs put together seems they seem to have a plan to increase production at a low cost, be self sustaining funding wise in the not terribly long future- with the gold price due to spike, and major uncertainty of the global economy, I think mexus is on a decent path, Im willing to see if they can keep it up over the next few months, hard numbers get better bit by bit. As I was typing I recalled the reverse stock split talk, can someone post on what they have heard, are we definitely facing this?
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