Hi, Jay. I have not really turned. What I said was that, if they were going to announce a delay for the report after April 15, then I would bail out. This still stands, because to me it would mean that they are playing games and I would lose all confidence. However, I do not care for a full report by April 30, with all the i's dotted and all the t's crossed, as long as the substance of the report and its main conclusions are released (proven reserves, cost of production). So, if they said that this information would be released in time, but that the full official report is delayed a bit, that would be fine. As for production, the company never promised that it would start by the end of April, but only that they hoped so, which is fair enough. On that count, I never expected them to respect a deadline that they did not commit to.
Yes, I still have some belief in the management, even though it was eroded by the last minute delay news of March 27. I am just at the point where it would not take much to destroy that weakened belief.
I do sincerely hope that my doubts are unfounded.
Michel |
