I can't understand the negative sentiment since the announcement. It wasnt a positive or negative announcement - simply a statement of the current position. Perhaps holders were waiting for CG to pull something out of his hat and are disappointed it wasnt as good as they had hoped for.
As far as I can see, nothing has changed. The potential is still there and it is understandable that it takes time to get permits in place and drilling underway. Argentina and Peru arent easy places to do business. It takes time.
I am not an apologist for CG and management but this announcement does not warrant the pessimistic reaction by some posters on HC.
Ann: LRS Operations Update, page-18
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