RE:Management Comments And a Lagging Share Price Clearly the comment and the decision were made when prices were severely depressed..
Can you really blame the company for preserving cash when it looked liked it could be another 5 years before things turned around...
It may still be a while...
Should he have announced it?
There are pros & cons to that...
Some investors would aplaud this
Were any U exploreres in a better position at the time....
NXE chose debt...FCU chose equity...
I will take equity in this market....IMHO
Gotta get back to the TML's...next years Stanley Cup Champs...
Uraniuman308 wrote: Do you think that maybe, just maybe, comments like this deter future buyers. All we need is more dilution, what a rediculous thing to say.
“We made the decision late last year that it was time to be more careful, and strategic, with our money,” explains CEO Dev Randhawa during an interview.
“We’re sticking with the budgets we came up with at the time, but in our conversations with CGN there is an acknowledgement that if we hit something impressive during exploration that we can increase spending. Now, if I can raise hard dollars at a share price I think is high enough we’ll definitely look at that opportunity as well,” he adds.