Things went from bad to worse for Guyana Goldfields (OTCPK:GUYFF) and its shareholders in 2018. Production issues which became conspicuous last July turned out to be the sign of a far-reaching problem: The grades in the initial feasibility study had been overestimated.
A more conservative assessment was released in March 2019. Though past mistakes and some remaining risks should not be overlooked, I believe that it’s time to reconsider the stock. I jumped ship last summer as the clouds started to gather, but decided to buy some shares again last week as I