RE:RE:RE:RE:RE:RE:RE:RED FLAGS are flyingIs anyone else confused.
The way this company communicates infuriates me. I am super long on this stock. I need to be. I wont play the going up or down game, but JESUS CHRIST - explain what the hell you doing once in a while.
So far this looks like a used car dealership.
- They did a rights offering, collected from the sound of it around 40 million $ for operations.
- The price of Copper is flying high - it takes time to filter down but at this point they are over 3$ US for sure. So cash flow for production should be good.
- Production should (and I stress should) be going up - yet you are laying off 80 workers????
So what is missing:
- is production really up or is there another excuse coming - low grad, piece of equiplent broke, etc...nothing has been mentioned in regards higher production,
- is the grade really higher or you selling us a pipe dream,
There is no press release, there is no communicaiton strategy with investors, its just a bunch of moves that make very little sense....
I was long on ABX before when they went through restructuring - every move was explained - we selling this mine to pay for this - we are laying of these guys to hire these - we are doing this for that.... maybe its time to hire a new comms team. I didnt have a problem buying at 50% off because I knew the team running it was solid - For imperial I am not so sure. I am very skeptical. And I dont buy it that since Murray is buying .... he is buying but he does get paid through Caveats, interest, and other vehicles. He is not the one getting squeezed.
So....just venting....but I been long on this stock since 2016. Two years is long long time...