Bump expected.
If you have read any of my other posts, you will remember that I predicted bumps along the way. This is one of them. (Minor)
The property values have not diminished, and still have better than average potential. Actually gold/silver/copper/uranium have risen since my last post so the properties are even more valuable. The money saved by mgmt. might just allow them to punch a hole or two more in the new year.
What would happens to the stock now if they announced a JV? The jumpers would whine again and bewail their sad plight of not seeing it coming. The longs (me).......laugh all the way to the bank! That will happen to the longs anyway!
No insider trading, so that is a plus and good sign.....no panic. Mgmt. would probably have had to wait for a couple more weeks before they could get on the property anyway. Then be in the Holiday season with the frustrations/extra costs that go with it.
At worst it is only about a two week delay!
Although not to every one's liking, it is the prudent move for the share holders benefit! A lot of analytical labs also blow out the candles and throw out the cat for the last week of Dec. so any drilling results would no doubt be delayed as well.
Never say to buy or sell but:
If you're not loading up at these low prices, don't say that you haven't had the chance......do your own DD!!
Solver