xstrata cuts...

xstrata cuts spending

http://www.smh.com.au/business/earnings-season/xstrata-cuts-spending-as-commodity-prices-slide-20120807-23s1b.html

no one is manipulating the share price.... there is just no volume or reason to buy the stock.

We have an exploration company with no earnings, and very low cash balances, drilling a resource that cost anywhere from $300k to $500k per drill.

expensive exploration.... poor management...