What was revealed in last weeks announcements that wasn't already known? Tax loss?? Big deal. If anything moving armenian costs from capitalized to expensed is a positive and certainly doesn't effect the cash position of the company.
Assets:
Iberian. A dud, cut it loose along with those responsible.
Chile. Profitable high cost mine but no sign of copper prices heading south of $3 so no cause for panic there. Plus potential at Filipina Grande.
$40 mill market cap. I mean fair dinkum! So what, in the public domain, would cause the SP to be sub 3 cents??
It seems to me that either this is mad panic and shorting in a bear market getting more bearish or;
undisclosed (yet to be disclosed) info being traded on by those in the know or;
BBY clients bailing on mass and selling into the spiral.
Any other ideas???
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