RE:RE:Metals are flying I’m an original investor in Reservoir Minerals and now Nevsun. Here is what I see since we joined companies and maybe why we cannot get our share price moving.
It could be as simple as the Bisha mine is not the gold and copper mine it was. It is moving into more zinc production and is having a few hick ups. It has no respect for its jurisdiction. They earned 23 cents last year and only 8 cents this year. Some of the profits appear to be coming from selling stored gold and copper. They are only covering 50% of their dividend and I do not know how many more quarters they have material still to sell. There are about 50% more shares now floating. Timok is not understood or fully valued yet.
I read all the posts so I get all the reasons why we should be trading higher but it appears until one or more of the following happens we might keep languishing. something significant happens at Bisha, we prove a huge porphyry or the high grade report by next September. All 3 would be an awesome perfect storm catching any shorts with their pants down. GLTA!