I hear those arguments, Claude. And please, don't take my prior post as a knock on MAN's management. My point is, management doesn't put the metal in the ground. Well, ok, they did at Busang but that's another argument altogether.
Have they given the shareholders the best possible shot with their financing arrangements and dealings with the Peruvian government? Of course they have. It was never my intention to run down MAN, explicitly or implicitly.
I think I understand why you feel the odds of the grades closer to the center of the pipe are higher than what was reported today for hole 1. In fact, it's why I haven't sold any. It's a mistake for me not to take some profits at these levels; I own all my shares at less than C$2.50 and haven't sold any yet. I have a number of reasons for deviating from my usual pattern of trading. Copper's upside for what we know does exist on TG-1, plus the potential of TG-3, makes MAN, IMVIO, a possible C$30 stock. But I accept that MAN's price, for a long time, will probably hinge on what the grades are for those 3 holes.
I guess what I'm trying to say here is, IF MAN is at $20 at the end of the summer, we can say it's because of the doors that were opened by management and nothing more. However, the quality of management won't mean much of anything, long or short term, if the rest of TG-3 grades poorly. |
