I don't why companies don't take advantage of strong share prices.
The 50 cents raise seems like so long ago.
But just in the last week, S32 have written off Hermosa to the tune of $1.3 billion. Let alone all the other major project writedowns.
Now:
- we are under 20 cents
- haven't found substantial copper
- have an MRE that the market is not responding to
Above is not financial advice and my opinion only.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4
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