Re: 1Q Results Unaudited
in response to
by
posted on
Jun 19, 2008 09:09PM
Very nice to see a profit!! .....and certainly was very nice to see them state that El Castillo is expected to be at commercial production (15K/yr) sometime in the 3rd quarter and up to 25-30 K/yr by end of 08'. THINGS ARE DEFINITELY ON THE UP AND UP!!!!!! (Look forward to studying it in greater detail later.) I suspect that once we resume trading there will (if anything) be a significant bias to the upside as we move forward. One would be a fool to sell at these ridiculous low valuations with the up and up here. Once this stock starts to move it is going to move fast. (Not trying to pump here ........just my honest opinion.)
Nice post over there Burpit. I definitely agree with your point about the delayed results courtesy of not having a CFO. And since you asked me where I thought they may have "dropped the ball" (not that I want to stress any negatives now anyway - I'm trying to put these past two quarters behind me) I would definitely have to point to the conflict currently being faced with the partner in Guatemala. It is hard to give them a "Get out of jail Free" card on that one, with or without a CFO and with or without good cashflow.
Don't want to keep beating a dead horse on the 100K argument Burpit, but I'll be glad to take it, 1000 shares worth of CSG.V is on the line there Big Guy. If they are producing 1000 ounces gold/yr credited to CSG only (NO MERGER, NO ACQUISITION or otherwise bet is nullified) by end of Q2, 2010 I too will be glad to pay you the monetary value of the shares as of June 30, 2010. I just hope that the AGORACOM police don't come out and confiscate our shares on account of this "activity" that we have going on here. (smiling) But LET IT BE KNOWN that I HOPE YOU WIN THE BET BURPIT!!!! Sacrificing 1000 shares would be peanuts compared to the fortune in gains that I'd receive with the other 965K shares. It is one bet I hope to someday eat crow on while laughing all the way to the bank with the other hand.
I sense that CSG is truly turning the corner here and Atkins and Plaxton are two guys that WILL get the job done for us. But there is still a ton of work to do and plenty yet to execute. Nonetheless, Kudos to them and the rest of the directors that did accomplish many things that are indeed easily overlooked amidst the frustrations and large drop in stock price. It is time to enter a new era ......and get this castle running on all 8 cylinders as we continue to ramp up production (as well as accomplish resource updates, drilling, etc.)