I too believe the company could well have one or two 'aces' up it's sleeves but for reasons known exclusively to them & their JV partner have chosen to plod on with the easy access oxides for now. It was only very recently that they were gearing up for the spin out of NSW & Peruvian assets via the Raptor Minerals vehicle which has been subsequently been put on hold due to global market volatility.
The lack of disclosure is not particularly disconcerting as this company has always been known for it's poor promotion, communication & timing in the markets. This was noted years ago as a negative by Far East Capital & unfortunately management has remained stagnant in this regard. The company will never realise it's full potential until they improve in this area but first things first they need to ensure they remain a going concern (HNC will ensure this IMO) with minimal future market capital dilution until economic conditions & commodity prices improve which they undoubtedly will, hopefully late next year with events such as the 2010 world expo in China acting as catalysts.
CMR Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
