Was slightly disappointed with today's update, so decided to take a 3c loss and sit on the sidelines until after the quarterly is released.
Risk seems either to the downside, or maybe neutral.
Was particularly disappointed with the cut back in exploration expenditure. While the main game now is obviously to ramp up production, there's nothing quite like turbo charging the growing production profile with a growing resource base. We now seem to be forgoing that now to a certain extent, which I can't quite understand as there should be plenty of free cash available to fund an aggressive exploration program.
Might revert to my original idea of looking for an entry around the $2.70 level, for which the upcoming quarterly might be the catalyst.
Time will tell I guess....
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
