RE:RE:RE:NEWS Marimaca Extends Strike Potential at Cindy The leftist movement in Chile is asking for the world like in any negotiations, without doubt there will be an increase in tax as copper heats up but it's not going upheave the mining industry in Chile. The sp has likely dipped a bit due to the instability but I'm doubtful it's much of an underlying factor in where we're trading today.
This stock has never traded at value nor will it, the ongoing talk about breaking down wall is pointless. New sellers for various reasons will continue to pop up. The current news in my view is pretty good yet it can easily be interpreted as worrisome not to mention the ongoing delays in releasing information. Every additional day shareholders are left without answer on results promised weeks or months ago frustrates people.
If I was sitting on warrants from a low buy in I'd without doubt be selling.
Bottom line is this stock is a long term play (buy out) if your looking to knock it of the park yet not everyone is which is why we trade the way we do.
Additionally we have to remember the areas of Cindy drilled don't necessarily have the same signatures of the other clusters or MOD. Lots more up swing to come in my opinion!