Trying to come to terms with what is happening to the share price ...
Positive factors include:
. November 2011 mine plan seems sensible . Have delivered all they promised by this stage, and apparently more . Lots of upside given they they have cash in the bank and production underway
Negative factors:
. Widespread loss of confidence in management . Some selling as long suffering shareholders want to crystallize losses . Stupid executive bonus plan hurdle - if they had the hurdle at say 20 cents a share there would not have been an issue.
At the end, the analysis seems to come down to whether you believe this management team will not botch up an excellent array of assets. Even if the team does an average job, the quality of the assets should mean strong share price performance in time.
CGT Price at posting:
9.2¢ Sentiment: Hold Disclosure: Held
