Hopefully Mr Christmasday has learnt a lot from his experience on this one over the last few years, and that it is not too late for him to get a crack at salvaging this project - even if that means selling a larger chunk to CMP, diluting shareholders but establishing a clear way forward. I imagine there are some VERY red faces among the leaders of this company, and they should feel rightly embarassed by the position the company now finds itself in. There has been simply TOO MUCH drilling undertaken in my opinion given that - right from Day One - management have been telling us about the strategy of collecting together this array of small land plots already with loads of mineable copper.
But....one has to look forward and I do think this is a calculated punt for "play money" at sub-3c.
And so, like the proverbial dog from Proverbs Chapter 26, Verse 11, Agent Cooper may return to his vomit and have a punt.
PS: Thanks arsenic for your "behind the scenes" insights on this one. Im going to join you as a shareholder once more. But only with punting money.
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