This morning's announcement coincides with something else. CAS said that the scoping study for Juruena would be released by the end of October 2015. Two years on and still no scoping study. What ever is happening, it's not happening very quickly. The cash burn is WAY too much for such little progress. I'm a little disillusioned at the moment. Management need to come out quickly and reassure us that they have a practical solution to the current situation.
CAS Price at posting:
9.2¢ Sentiment: Hold Disclosure: Held