TSXV:CAV.H - Post by User
Comment by
henkh73on Oct 29, 2008 12:20pm
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Post# 15553603
RE: best guess
RE: best guessI suspect the same. In this climate, the banks probably got cold feet as they saw the commodity prices drop so fast.
That won't help if they want you want to hedge. But I think that those may turn around quick enough. It is ironic that they released this news on a day where copper jumped up! I read yesterday that China is speeding up its infrastructure upgrades to cushion some of the economic slowdown (they planned this already, but are speeding it up).
The question is whether the banks will be willing to provide the money when BAJ needs it. But what is important to remember is that if BAJ is delaying mine development, then all other projects are pretty much dead in the water as well. So the rise of copper is going to be phenomenal. Let's hope that BAJ won't miss that.