It's really disappointing to see all the value evaporating from this company. You can't put lipstick on a pig and unfortunately we have all been hung out to dry by current management.
Here is my new business plan.
* Shutdown Namiquipa. * No more useless press releases on anything unrelated to the Cerro mine * When Goldcorp exits try the lipstick...who knows someone might believe they really had no interest in the mine and wouldn't put a dollar into it. * Conserve cash. They can't raise any more money * Pay cuts for all directors based on pay for performance * Put assets up for sale including the Cerro mine. These guys can't deliver it so someone else can take a shot?
We are all screwed and it's time to sack the board and try new management. Prove me wrong and for once actually deliver on just one promise. Until that happens we circle the toilet bowel and slide into oblivion.
CJO Price at posting:
6.6¢ Sentiment: Hold Disclosure: Held