What new project ?, page-21

I'd doubt whether David Moore will slash the dividend as some HC posters suggest. MCR paying 2c /share divi has been maintained through thick and thin. During the GFC the divi was still maintained even though the nickel price went down to US$4/lb.
David Moore is not a person to be panicked easily and would rather reward his long term shareholders.
The Quarterly Report set out a sensible approach during a lull in Ni prices, and thats what a competent CEO would do. Unfortunately most traders cannot wait long term as their outlook is measured in minutes and will buy and sell their small parcels of shares, and of course there are those who spit the dummy when the share price goes down a few cents.
Investing is like buying property, you don't flick it over twice a day even if the value goes down for a short while.
For me its time to start adding a few more cheap shares. I always wait for these events to add to my holdings.