Unfortunate ShareholderI've been a long time shareholder of Newstrike and it's very unfortunate that Lundin and management sold to Timmins. An absolute disaster in terms of Value creation. Newstrike couldn't picked a more undeserving partner.
The big problem here is the uncertainty surrounding management. After many months, there is still no clear direction in terms of our asset management and direction and importantly no permanant leader to set the agenda and a clear path.
It is sad but true that I finally unloaded 90% of my holdings this week and likely dump the rest before we test Gold at $1200.
Until the question of the new CEO and clarity surrounding it's production plans and asset management, this stock will underperform against its peers.
I'm not completely out of this company as Ana Paula is an amazing asset. Once we have clarity, then I may get back in but otherwise Cash is prudent.