Domum
I don't think that you can fully disagree with PR's comments. Several we will only be able to judge in time (ie zinc prices in 2009) and several are probably inevitable (ie name a project that hasn't had cost overruns).
MF's management is a concern as we have seen many delays in the project, timelines, finance, offtakes etc. Many I feel would have followed me and lessened risk by selling on the way up.
However, the risk involved helps to make punters nervous and keep the share price down. If the zinc price stays strong the project is launched in a timely fashion we will be rewarded handsomely. If Mumbwa goes ahead - well the share price could go anywhere regardless of when the project comes to fruition.
Risk v reward I suppose - but for PR I don't think selling in these gloomy times is your best alternative.
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