Share
6,689 Posts.
lightbulb Created with Sketch. 226
clock Created with Sketch.
18/05/16
09:12
Share
Originally posted by Agent Cooper
↑
The future of PB has been undecided in my mind for a number of years, Awoonga.
Funny how now they are exploring only a "start up" option for PB....maybe this mob has already started "dialing back" everyone's expectations so they can continue to shape + manage the public narrative.
That wouldn't happen to have anything to do with lower copper prices generating lower cash flows from Antas would it? Hence, fewer funding options for the "big one".
We watch and wait as the never-ending story continues
Expand
At current copper prices, a scaling back of PB is a given. Not from a revenue view point but from a funding view point.
Shareholders are taking 3 hits,
- AN not so profitable
- PB scaled back
- exploration minimal
All because of the copper price. Stating the obvious but sometimes some need reminding of this fact.
I'm ditching AVB as the need arises to invest on other prospects. Sold another 200,000 yesterday. Plenty of time to get back on down the long track.