RE: RE: RE: 63 million in cash! 17c in earnings
omg, what a f..king irony. i wrote the post about kicking management in the a.. for extending life of the warrants and those i...s make another freaking low-balled PP next day.
if they had an ounce of sense they would cancel warrants in June and did PP sometimes next year with much higher price. no, they rather make another low-balled PP, when the money for other projects will be needed probably as late as in 2013 as we have already 63 milions in cold hard cash, another 35 milions from warrants coming in 2012 and another tens of milions from our earnings on the way? for sure they arent going to spend more then hundred milion bucks on our project during next year and for sure they can get some debt financing too.
I am done with MMY as the upside is capped now for next two-three years. thank you management. you have no clue about building shareholder value at all, despite having a clue about building big company. enjoy your status of being most undervalued company for few years more and watch from behind the success of smart shareholder friendly companies like MML and GORO, who dont dillute their shareholders to the hell.