AUL quarterly was filthy - no other words to describe it.
WRM drillers walking off Last Chance and abandoned drill holes at Red Mountain was a concern to say the least.
CR will be required for summer, where it was previously expected that AUL raise would suffice a counter cyclical program here in Aus.
QH leaving for conflict of interest on its own side of the coin isn't a massive deal, on the other side shown above it seems odd.
In this game as new information arises changing the risk/return prospects of a stock, you must adapt your bet sizing. For my portfolio that meant reducing my holding.
What's in the ground hasn't changed though, the geological upside/critical mass of these deposits haven't changed due to the above information. Just corporate finance side of the coin and time/accompanying opportunity cost which has changed things for me.
WRM Price at posting:
37.5¢ Sentiment: None Disclosure: Held
HotCopper & The Market Online will be live From the Floor at the Mining News Select Conference and we want to bring the voice of our online audience to the show with us.
