You really do not want to learn do you?? Read my post again carefully .....
I understand you anger and frustration, been there myself, when I was a keen IBR holder. But I try never to fall in love with a share and try to take a practical approach and move on when the time is right.
I am now a holder of TMR for the very reason why I was a IBR holder, the gold assets in Armenia.
But being now a share holder of TMR, I will miss the few shares on issue with IBR. What I do like about TMR is the fact that we have some real hands-on high calibre people managing it all.
And who believe in the fact that they will get this company up and running and growing, otherwise they would not buy so many shares on the market at market prices.
Directors buying shares in their own company on the market is always a very good indication where a company will go.
I can not remember Matt Wood recently buying on the market.
And the copper bull market is far from over imho, so the copper assets from TMR will come in very handy.
The continue ramping up of copper production and cost cutting will assure of healthy profits to come. Exploration upside is another postive.
The funds for the mill are available. TMR has a debt facitlity in place for $17 million.
De-risking of the projects regarding souvereign and production is another postive having now a more equal spread in different countries. Also having a cash flow is now a big postive.
And the worries about the amount of script on issue is a myth, it comes all back to value creation.
The all mighty OX is a good example.
But above all the above, what I really like the most, is this guy Hugh Callaghan who has plenty of proven experience in turning non performing companies around.
So I would say be an investor first and see where you believe the most rewards are now, at this moment.
Good luck
jojo
TMR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
