The issue is still one of trust, or distrust and that will only return with time. But there will be some steady news flows over the next 8 weeks, hopefully good ones.
IMO these are what need to be confirmed to kick CCU back into the 50's & beyond.
•Resource base confirmed by the independent review
Production Confirmations
•The revised Nov12 guidance figures (5th Dec) were accurate
•Ag grades of around 70g/per tonne of Ore achieved in Dec12
•Production of 100k – 130k (ounces Ag) achieved in Dec12
•Production rate of 2.5mil ounces/pa is still viable by June2013
Mind you that last point relies soley on trust, and at present CCU has smashed the markets trust which is reflected in the price.
It's no different from SDL, the share price is a long way from the Hanglong offer price because the market doesn't trust it will materialise.
So the questions is - do we trust Ian Lawrence and his team to come good on his word?
The issue is still one of trust, or distrust and that will only...
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