SpatulaTime to flip the burgers on the grill.
Both Pinos and Caballo Blanco are projects of merrit. The optics of doing nothing is only good for those who are preditory, not for the investors holding shares.
Caballo Blanco had run into a block when the Mexican conservative party lost to the liberal-green party in 2012. The previous opperator of the project pulled their environmental permit application before the incomming governement could reject it. A great deal of work has been done since, but I think some investors are afraid of betting on this horse given the current political situation of Mexico.
Pinos is an old mine that needs exploration to better define the resource and will require considerable capital to place into production. It is in a good place from a logistical and environmental perspective. Leaving it on the burner too long will only leave you with nothing.
I think some new blood in senior managment would be like putting a cheff in charge of the grill and adding BBQ sauce on the burger making it more palatable. Best not wait too long, otherwise the burgers will be burnt and nobody will want them.
GLTA