Snic, I am more likely to be a buyer than a seller at these...

Snic, I am more likely to be a buyer than a seller at these levels, if nothing more than to average down - surely there will be a bottom that is above zero....has two good quality projects but the Chile Court issue and depressed copper market weighs on SP - cash enough to get through to end of FY 2015 but surely more funding or a JV partner will be required for Peru by then. The recent Glencore transaction was positive, however for the minnows it appears to be a war of attrition and those coys with quality in the ground and the support of their bankers will probably survive. Agreed this one moves when it moves, look at spike in SP in Aug 13. Good luck to holders.