Reading the quarterly report you get the feeling that these guys with their expensive tastes are use to going back to shareholders,they have a little over 30m left in cash and they will swallow that up quickly and then they will go back and ask for more money to keep them on alife of luxury, the money they get from copper and gold sales does not cover what they have planned.This will go the way of other companies ie dilution. They will come back in the next 6 months and the price they will offer will be around 10-15cents and those people that have forked out huge money to develop this company will see their stock go down the drain.They need to suspend any further exploration and batten down until copper goes up considerably.These clowns will not go down that path they will bleed sharholders until the end,which isn't far away.
IVA Price at posting:
14.0¢ Sentiment: Hold Disclosure: Not Held
