RE:Trusting ManagementI think the Q2 report is refreshing because the NSU management finally told us what is going on with the company .. including its dirty laundry. The Q2 report/conference call also gave us a glimpse of who the new CEO is and how he will manage Nevsun. He is definitely top notch when it comes to handling new challenges.
A lot of people are fixated on the 4 year mine life rather than the 8 year mine life at Bisha and that this is negative. But, Bisha is now in much better shape because of the predictability of positive cash flow with going to a new pit. Sure it is for four years but it will generating the stable fund needed for the prize project in Serbia. The cash flow generated from Timok UZ once it starts production will dwarf the extra four years of cash flow from the "old" Bisha mine. The key is having the cash flow leading up to the production of Timok.
And there is no reason to believe the Bisha mine life will not be increased to 6, 8 or more years when Nevsun can put more time and resources on this.
I have seen at least a few very conservative valutions of Nevsun and all of them showed that it is way oversold at the current stock price. I truly believe that now is the opportune time to buy, not sell.