Pending News ?? Why does everyone expect imminent news? What is the basis of this expectation? Just because they did a christmas eve release last year does not mean they will do it again. I read that someone called IR and they said some news was coming but we just had a news release which really was nothing. We all know at CMK that no news is bad news.
Big picture here is these guys inflated expectations to create a pay day for themselves. All the insider trades validate this. They sold early this year when many people were buying - why would you sell if you thought your stock is going higher. They knew all the 1M tonnes for 2011 and 3M for 2012 were BS. When the stock dropped later in 2011 no insiders bought - why??
Also, what does it say to the investing community when mgmt has a ton of options at $3 and then issues more at approx $1.50 6 months later. It says mgmt does not beleive the stock will hit $3 any time soon.
When is the AGM this year. Make sure your brokerage settings ensure you get the proxy mailings to vote out the board. I will be shocked if they guys produce more that 500K tonnes this yr. Lets not be Charlie Brown's here and run for the football that Lucy (ie cline mgmt) is holding as you know we will fall flat on our backs again.
Pasta