No divvies till 2015 --- now thats just silly but yes things have changed.
Risk has increased - the stuff is still in the ground - it can still be dug up and sold - but things have changed at a fundamental level - managements credibility and competence is now in question.
Disclosure - I am not short sold but no longer own anywhere near what I held a cpl of months ago. I expect I will rebuy at some point - but if they get drill results out before that and I miss the boat - ,.....oh well you get that!
But one of two things need to occur before I rebuy in anywhere near the amount I had (a). management need to re-establish credibility or
(b) she drops a lot lower to counter the management risk
Either way am happy - but from a recent email I dont get the impression that re-establishing credibility is a high priority atm
CMR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
