RE:Just a question / observation ...Kid I would read it a little differently. There is cash coming in- 1.5 million here, 400,000 about to come in, coal money etc. Meanwhile the NCIB is way behind. I think they were protecting the longer moving averages with their purchases at the end of October, something likely caused by the fact that the workers knew something was not quite right.
At the end of the day what I see is a small bump in the road and of course those folks prone to fast moves will dump their shares.
Since this royalty is life of mine, and has nothing to do net profit or anything else it's a pretty sweet and safe one. My guess is they ramped up hiring but had an equipment issue. So they laid off some folks while they fix a bottle neck. I would also guess that it was a good time to lay some folks off who came from the bad old days where a non productive union mentality was the way to do things. Chris doesn't work like that. Produce and make a profit or leave. The only thing I care about is what the market says about the coal and apparently it is REALLY good. This is a 50 year royalty at least. Systems need to be tweaked and changed and that's normal. Folks read too much bad news, especially Nova Scotians and go running for the exits. Crisis is opportunity.