With respect JW if you look Legume was calling a short position 15 months ago when the stock was trading at about 95c. HE was 100% correct.
His points on excessive salaries has some truth. For all those that continue to rave on about how good management is, you need to ask yourself how did they let it get this close to keeping a float.
MOst of his thoughts are probably fully factored in (maybe overdone) at this point.
I hold the company and am a believer. I have been impressed with what management are doing and think it will survive. it is not a sure thing though by any stretch and if the dont continue to increase productivity Ie no more hiccups and there is a recovery in the nickel price all will be ok. If 1 of those 2 things doesnt happen things are bleak, if both dont they are doomed. Risky play but I think worth it.
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With respect JW if you look Legume was calling a short position...
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