what's martabe worth, page-7

I agree with you that asset sales are not the best solution especially at the current market prices/sentiment.

But it's typical of this management to merge at the top, sell assets at the bottom.

To be honest, the only assets I rate are Sepon, PH and Martbabe.
Dugald River seems ok

Rest are junk to me. No one would buy Century.
Izok and High Lake. I don't see them as viable if the permafrost melts. I don't see how they could truck any material to port there at all.

Obviously you must be fairly new to Hotcopper, I have been critical on management since June-July for failing to walk away.
I've tried to get a shareholder action going in September, people either didn't like my style or thought management knew best.

It's a shame I could not gather the support earlier as I've said. We'd be in a much healthier postion to address the problems.

Right now there are 2 big issues

1 - Operations would be close to running at losses now with copper sub $1.50
Where will any debt repayments come from in the next 12 months.
2- Selling profitable operations still leaves the issue of repaying some of the debt. I don't believe we can clear the debt and have cash to maintain the loss making operations.