RE: RE: KNB & ATW - Perhaps a posion pill??Great post...I'll also add that management knew that the LMZ would be depleted by Q3 2009. Poor planning considering that there will be a production void for 12 months until the UMZ starts production and Copperwood starts in 20011 or thereafter. They also have had years to plan for funding of the UMZ and it looks like they now will self finance the $30 million further putting into jeapardy the cash on hand.
If you subtract the $30 million capex for UMZ we are more than fully valued at the current share price. great diversification plan guys!
Eric...time to rescue us. Maybe we need a shareholder like JFC on board who will rattle some chains and push for more shareholder value. But then again, these guys don't own stock in the company they run so go figure.
This stock may outperform in 2+ years....but now it sucks wind.
yogi...