Beavis couldnt agree more seems its all we do with this company, wait and wait and wait.
In the next quarterly update due next month we need some clear guidance as to what progress they have made in the toll treatment option v the onsite processing option (and the capital requirements for both) and where they are up to in terms of the Mining Proposal. I think a JORC update is a long way off at this point but who knows if you dont have drilling results being announced.
I would also want an outline of the strategic rationale for holding onto CSD when i thought I was buying a gold company i.e. is this a long term investment to diversify the company into tin or rather a capital management strategy, and do they have an exit strategy for the investment in the event the cash balance which should stand at under $2m is going to be used up quickly.
Having shallow gold with low costs of production means nothing if management arent focused on extracting value as quickly as possible, last thing we want is to have a desperate CR with cash running low while we fiddle around with no clear strategic direction.
BCN Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
