My understanding has always been that 2012-2013 was always going to be peak years for the company with Crista in full production and that the mine at Engenho a cash cow to develop Crista.
Quote from the Chairman's adress to the shareholders, page 6:
"Now is the time we need to be looking ahead and thinking where we will be as a Company in 2-3 years time ? that is a substantial international gold producer generating substantial annual cash flows from our Brazil and Peru operations. I believe we now (have) the key people in place to help us achieve that goal."
If you believe Barry Eldridge and the message the Board has been delivering, then you stay, if you do not, then you jump off and get on board flavour of the months type stocks to fulfill your day trading appetite.
Happy to hear different thoughts.
Stocks have always been a patience game, I dont think this is any different and comes down to, do you beleive the story??
accumulation, page-22
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