TSXV:CAV.H - Post by User
Comment by
CalifDreamingon May 24, 2012 11:27am
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Post# 19941843
RE: RE: $ 500 Million Shelf Registration...
RE: RE: $ 500 Million Shelf Registration... Mickey - you conflate two things - small investors with smart investors. Clearly you prove the point that they are not one and the same. Why would you continue to hold this turkey? NAV has collapsed and there is almost no upside from current prices. Boleo is a high risk complex project - cost overruns and delays were virtually certain. The extent of the cost overruns shows their feasibility numbers are worthless and grossly inflated and that previous "top" management were either incompetent or (as I suspect) worse. And the problems aren't over - Boleo is certain to have BIG start up issues - their metallurgy/milling/refining is complex. As such, the pain and disappointment is far from over.