Where's Columbo when you need him?Wow! I don't know if we just witnessed a suicide (Strathcona) or a murder (Pretium)...Maybe both.
It's certainly difficult to understand why Strathcona would put its reputation and perhaps even its business on the line, especially before the whole process was concluded - unless it was 100% certain of its conclusion. But it's equally difficult to understand how they could come to the extreme conclusion they did based on the results of what they examined.
"No resources...no reserves...no basis for a feasibility study"...? Give me a break! As a previous poster noted (referring to Snowden) it isn't Strathcona's job (either) to determine economic feasibility. What they are saying now goes far beyond a disagreement over methodology or even the quantity of gold at VOK, it's now entering the realm of corporate sabotage. Even if they turn out to be right in the long run, which I doubt, it's hard not to conclude that Bre-X went to their heads. One thing is certain: somebody is going to come out of this bloody, I just hope it isn't PVG shareholders.
"Just one more thing"...I bought some more at $3.85, if only because I had a feeling the fallout might not be over and my customary stink bid was tripped. But I won't be buying more until the price stabilizes and we get some clarity from management. I have to agree now with the posters who were dissatisfied with how RQ has handled this fiasco. IMO, the company shouldn't have withheld the statement from Strathcona. It was going to leak out sooner or later and withholding it - even if legally entitled to - looks very bad for the company.