GREY:CXEYF - Post by User
Comment by
mind_businesson Nov 10, 2007 11:34am
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Post# 13788068
RE: The Kurds
RE: The KurdsThere are a lot of unrealistic viewpoints on CAX and it's management. People have to realize that CAX is a highly speculative investment with great potential in a strong market. CAX's management team comes with impressive resumes, however they are fairly new at running a small cap company. I think they have encountered difficulties based on the scale of their company vs their previous positions with larger, more influencial companies. For this reason we are bound to see delays not usually experienced with larger companies. Comes with the territory. Management are not incompetent, they are simply having to learn how to manage risk with less clout.
With this company it's important to keep a close watch on their cash burn rate vs progress in fully realizing their assets. Once El Bibane starts producing it will be the engine to drive future explorations ... at least in the short term. That's what investors should be focused on.