mjshackl you say "i've never seen a miner not put their hand in their pocket..."
but it is yours an the other shareholder's poskets they will be putting their hand in if they need new equipment.
I have no inside information, and yes i got a little singed by this company, but here is what i do know.
they released a statement saying they will not meet their production target by december.
this was just 11 days after releasing a presentation confirming what production they were ramping up to. a LOT must have happened in those 11 days!
then just 2 weeks later they say they have resolved the grading issues and have averaged a higher grade in the past week then the estimated resource is supposed to have. a LOT happened in those 2 weeks as well apparently.
then we are told nothing about production for the next 3 months!
i know they say that "no news is good news" but considering how quickly the last "good" news about the grading issue was released, i tend to believe "no news means BAD news".
Like I said, i was a LITTLE singed, not burnt. I do not want to "downramp". I just want to get people thinking before they waste more money.
I obviously am still keeping an eye on this company and believe it MAY have potential, just have not seen anything to convince me of throwing more money at this yet and believe that we would have seen it by now if there was ANYTHING positive to report.
just think any newcomers need a little balanced view so that they do not think everything is peaches and cream. just be wary...
CCU Price at posting:
26.2¢ Sentiment: None Disclosure: Not Held
