Great buying for anyone looking for a significant position with mandated selling from managed funds and etfs occurring up to the rebalance this Friday. .
I hope to see 2kt of copper produced this month. Maybe the production report will be brought forward again this month with the new timeline for the lenders falling mid month.
I think the relaxing of the debt reserve account commitment from $19.2m by 30 Sept to $8m by year's end (we're currently at $7.7m) was pretty significant in today's ann.
That's some serious heat removed!! To the short termers looking for a sub 50c takeover, my heart refuses to bleed. I bought this for the long haul and will happily accept a reasonable capital raising if that's what is eventually required to maintain ownership of a copper asset with a functioning plant. Copper is the metal to hold over the next 5 years, all the happenings over the last 12 months do not mask the long term significance over the Boseto operation. For those that have held long term and intend to continuing holding I wish you all the best.
Of all the F BS and conjecture that surrounds this company, one thing is concrete, management have to date maintained control of the very valuable asset in the most trying of circumstances without any dilution. If as many here could do better as we frequently hear, you'd make for a pretty impressive PE mining house.
I hope to see that production report out this or next week and I expect to see 2kt of copper produced. I will be disappointed to see less.
Add to My Watchlist
What is My Watchlist?