RE:AFTanner Good one!
I must say, I am happy to see that the company is doing some forward selling. It is ABOUT TIME!
I have been saying for quite some time that this company needs to enter SURVIVAL MODE. Now that the price of zinc is under $1, management may finally be realizing that survival needs to be a priority.
Now for my list of survival priorities.
1. Forward sell to lock in a decent price. - ABOUT TIME!
2. Stop buying back stock. It is a waste money that will be needed to survive the zinc downturn. - YES, this has stopped!
3. Close Caribou. It is a money pit that will NEVER have a good cost of production. Q4 showed yet again that there is not hope for Caribou. It just bleeds too much cash during the bad times when cash is precious.
4. Reverse split. It will have to be done eventually. Management should just get it over with. There are just too many shares, and too many obnoxious penny stock flippers.