Originally posted by taffy_83
I must admit, this is all a bit worrying. Fundamentals look amazing here, but ongoing selling... why? Yeah production targets have been delayed, but this sell off is far in excess of what one would expect. I worry the big players know something aint right and exiting their positions.
With previous stocks, I have been burned holding through sustained selling believing the fundamentals are rock solid and the market is just plain wrong. I think if B2Y were smashing through production targets, there would be more buying. Hopefully this is just market getting it very wrong in a risk adverse environment, and not a leaky ship. Next quarterly will answer this question.
I share your concerns taffy.
In terms of big players, well they just stumped up over $10 mil a few weeks ago at 30 cents a share.
Unfortunately we have a really weak share register with a couple of funds who everyone knows are flippers and have been selling from day 1.
The other concern is the amount of 13 cent escrow shares coming out in early December to which I believe these funds are also holders.
It looks like the previous general manager was no good and has been replaced with an experienced South African long wall mining expert temporarily. Lets hope he knows what he is doing because everything else about this project more than stacks up. You would have to think Gary Cochrane the MD needs to take some blame also.
If they don't produce the 300k tonnes this quarter as predicted in the last statement of activities then Cochrane maybe should go.
