RE: Thoughts I agree that the delivery of the RE was done very poorly. Had they halted the stock and arranged a call to explain it, we might be looking at .50-.60 cents instead of .30. Are they stupid, incompetent, or just plain cowards? Maybe all of the above.
At a million ounces of 1.5 gpt, it will probably be a mine. It is also very possible that the resource estimate could grow substantially with more drilling. Probably not the 5 million ounces everyone wanted, but maybe 2 million.
Would I be a seller at today's prices? Not a chance. Conversely, I wouldn't be averaing down either. That is throwing good money after bad.
The main problem now is credibility, and the current market doesn't look very forgiving.