Folks,
Confidence that management will keep its word is necessary for investment though it makes a great climate for day trading when their word has the firmness of a piecrust.
Fluffynymph quoted Mr McCrae's August 2010 statement:
"For clarification, the Company will not be entertaining or considering any issue of new shares in CuDeco near the current share price."
And not even one month later this pronouncement has not been honoured.
Today's announcement indicates that Mr McCrae's words and actions are influenced by the requirement of the moment, not of the long term as investing (as opposed to day trading) requires substance to triumph over expedience.
I am voluntarily and permanently retiring from the CDU forum so don't bother to switch me to Ignore.
(Sir) Lunchalot
Scoffer of Pies Extraordinaire
But promises are not piecrusts.
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