re: Ann: September 30, 2013 Management Discus... The market has lost interest on this one. There is very little on the buy side so if anyone wants out they have to throw their shares at the few remaining bidders in the 20 cent range.
There is really no urgency to sell, because this is one company with the funds to outlast the low POG for years.
I am assuming they will be sensible and conserve cash.
The time to buy will be when the big panic happens as the POG falls under USD1200 and perhaps goes to around USD1000. It could still take a long while for the POG to recover enough for this project to become economically worthwhile, but at least one would have bought near the bottom.
loki
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Ann: September 30, 2013 Management Discussion & A, page-3
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