re: Ann: Information on Concentrate Offtake A...
The first annoucement was simple enough. Didnt need a follow up talking down the first announcement.
No one was going to pull them up on that. They simply signed a deal for a certain concentrate. If they dont dig it up and provide that concentrate, then the deal is off or altered. Its obvious that finance isnt guaranteed and mining isnt a given. It's not brain sugery and didnt need further clarification.
What pissed me off the most is the comment about mining not being certain. Well we have spent money on a mill, money on securing off-take agreements and spent the rest of our money on aquisitions so if we dont mine I think the management might have a few angry shareholders on their hands. Therefore I think mining is a certainty. Would almost put my house on it...but not quite.
CQT Price at posting:
47.5¢ Sentiment: None Disclosure: Held
