I am in complete agreement with you JBM. I also have been thinking the sellers are punters that had a short term view, and unfortunately for them it didn't pay off. I still maintain the results will come but it is only for patient long term holders, and yes we are in good company with our substantial holders.
We have a new geologist, a new exploration strategy, we are updating our computer modelling with a lot of info from last 12 months. We are debt free with a fully funded drilling programme and at some stage we will make an aquisition.(just hope its somewhere we dont have to pay ridiculous resource rents).
On the other hand, should we just stop drilling and go and invest the cash in a project in Africa? I see Anglo Gold may push Tropicana further down their list of priorities.
CVX Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
