My losses are significant with CXO. It was my only stock in my portfolio that decreased today. Says a lot about its quality.
Well done on the CR. There is no way management would have raised the sums it did if the Reserve update was released some months ago. Management sucked us in once again. We were promised gold and were delivered dust. Now we have another few years to build up a dream of an economical mine.
FID by end of 2020. My confidence in that outcome is zero in the current market.
Ann: Increased Ore Reserve Significantly Extends Finniss, page-29
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