RE:RE:Easy money....
They had 2 highly desirable resources, now they have 1. Execution is what's lacking here, that happens with lots of producing miners. Copper is at unbelievably good prices, they have a long term low cost mine, & yet they are falling all over themselves trying to eek a profit. That is all on the mgmt team, it has nothing to do with grades, recoveries or yields. Notice everyone gets paid here, except shareholders. Miners get paid, electricians, truck drivers, fuel salesmen, the local grocer & of course mgmt, but the ones not getting paid full value are the shareholders. They need a new team to gain back trust & to ultimately produce the profits that should be coming out of Princeton. Everyone forgives an uncontrollable thing like epoch floods, but this is way beyond that. I have been part of miners like this before: this quarter, it was too much water, bad stope grade, high fuel prices, labor dispute, too little water, bad hedging, take your pick every quarter there is a reason why the profits did not show up on the bottom line, & next quarter will be the same. I no longer hold this, I am watching to see if there is a reason I should buy it again. They should be posting record profits & paying down that big debt, but I don't see it happening with the current team.