RE: RE: RE: RE: RE: What a difference a year makes Rimm
Excellent post!! They hit 1% of their well published target. Mysteriously mgmt all sold their stock in the 3s once the knew they were going to miss tagets. When did shareholders find out - not at the agm but rather at the forced press release to say we need more money at $2.75 when the stock was trading around $3.4. At that point the 1M tonnes in Q4 2011 was dropped to 350K and then to 200K and now we all know its was around 10K.
To add insult to injury more options were handed out (2nd time in a yr) to reward bad behaviour. Now after being misled on a repeatitive basis everyone is all lined up for more kool-aid - 2.5M million tonnes.
I hope for my sake they hit the numbers but I am not going to be stupid again and beleive this mgmt team and load up on more "cheap shares" Remember what they have now is not much more than what they sold in BC for 0.2% of the inground value - making new elk worth about 50M - which is a mine with lots of coal in the ground that mgmt can't seem to extract.
Pasta