RE: Hopefully 2 bucklol, to add some realistic insight into this board...obviously this financing done below market and on the announced lower production isn't going to make anybody happy, however RBC Global Asset Management is still a major shareholder along with many others. This news comes as a disappointment but many fund managers will the see the long term objective here. Valuations may be pushed back by 6 months and thus the SP may dip below $2.75 but ultimately settle around the bought deal price and begin to move from there. We still have a world class asset and some of the lower production numbers were already being priced in as Jennings had mentioned in April. I have been in CMK since the sub .50 and in 12 months after Q1 2012 numbers come out and 2012 guidelines have been issued we will be over $5.00.
We have updated resources and production updates to look forward too, unfortunatly this hurts but selling into this is foolish IMO. I recognized value long ago and still see much value to be gained (hence still holding my position) and will probably look to add once the dust settles.
GLTAL,
Import1