About 3 years ago, the upper management said re:Casposo "We would have to be the unluckiest company around to not be able to significantly increase the reserves of Casposo". Since then, there has been essentially no major reserve upgrade from a geology that was hyped to have multiple strike zones.
TBH the way Casposo used to be talked up suggested to me it was going to have a 15 year mine life and be a hugely profitable operation... The fact they have to give away huge amounts of equity at such a rate to acquire AZH (which was cash poor and had no real prospects of development on its own) had me a bit worried back then, and nothing they've done since has inspired me much more.
TRY Price at posting:
40.0¢ Sentiment: None Disclosure: Not Held
