Read the news release and hit the sell button as soon as I saw the word the Phillippines in the headline, couldn't get out fast enough after reading that. Reads like a textbook example of how to destroy the share price of a previously profitable and stable gold producer, maybe there is some sort of long term strategy playing out that we haven't seen or understood yet? But for a company facing issues originating from some adventerous and irregular legal action with corporate governence issues bringing out some very opportunistic predators the response seems to be to go missing in the legal battle, stay silent of the corporate front and take the assets down to the casino and put them all on the roulette wheel. Very puzzling indeed.
Still holding a small token amount that I am totally prepared see go all the way down to 0.1c and will hold in the eventuality that some court cases may turn up some interesting stuff in the future.
TBR Price at posting:
$4.20 Sentiment: Sell Disclosure: Held
