I am probably going to be shot down in flames but I see this...

I am probably going to be shot down in flames but I see this quarterly as being quite positive and I am guessing that management chose this time to put in the "financing arrangements trading halt" to protect the loyal shareholders from the self-fulfilling "stop-losses causing more stop-losses" cycle.



Did anyone read:

"53% increase in copper and 62% increase in silver production quarter on quarter."

"Significantly “in the money” hedge book (marked to market value of ~$56 million as at 15 April)"

"A scheduled Boseto Copper Project finance debt repayment of
US $12 million was made during the March quarter."

"Existing lenders formally consented to a series of amendments to the Company’s finance agreements, including extensions to repayments and waivers on debt covenants."

"The mine is forecast to be cash flow positive from operations for the June quarter based on current mining plans and commodity prices"

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My sentiment is BUY and I would not be surprised if we see some directors buying and no capital raising either....

....please correct me if I am proved wrong next week!