Hi desmond, whilst every EX Rusina shareholder is in the 'same boat', this extreme market volatility has created a great opportunity to average down and to get a bigger stake in the pie. I've nearly doubled my holding over the past 6 months and now sitting on an average price that is almost manageable, although a loss of this size still hurts.
Even if we all have to wait until production starts in 2014, we will all be rewarded for our patience that is for sure.
Management have been told repeatedly that we want no more unpleasant surprises, they assure us that it's now all systems GO. So now it's just sit back and wait.
I am surprised that ENK haven't been taken over.
ENK would make an attractive takeover target for the likes of MCR or IGO who are quickly running out of nickel (sulphide) deposits and they'd get a cheap new project thats ready to go, plus $40 million in the bank.
Goes to show some CEO's aren't as smart as they think.
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