Someone doesn't want that understood, my TU disappeared.
A few points of clarification however. The mines in Finland are reworked old mines, and new technology is being used to unlock further deposits both in terms of discovery and mining techniques. This in some ways is similar to that other company we both hold.
The point is, (and osake let this one out of the bag) there are huge deposits sitting underneath the known deposits in finland. So far the capex has been higher than expected, and those also impatient with the lack of progress on Roseby have sold out. Whether that is causally linked with the constant whining and undermining (pun intended) that's gone on in here nobody knows, but I'm betting there's a strong element of it
There are developments with the chinese in the area and JV's being bedded down. The dataroom has been open for some time. What the company cannot control are the rises and falls in Cu, but the recent closing off Cu hedging positions by the company suggests it's analysis is for LT good outlook for Cu.
Feel free to comment by quoting. (Lots of people have been encouraged due to the argy bargy, to put me on ignore, and this means they are closed off to this opposing view. Their loss).
The concept of putting pressure on management for things outside their control is, IMO not great strategy. The campaign to vote down the board is great propaganda for those who understand the underlying potential of the cmpany, and achieves nothing except stirring the pot, and encouraging more people to vent and sell out instead of staying calm.
IMO.
AOH Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held