I have not seen anything--and that is probably
the reason the stock has been particularly weak
of late (?), anybody on the thread have any guesses
as to how much it would cost to put the thing to
rest for a couple years? Also, if they don't mine
enough gold to take advantage of their hedge, I
assume they would just sell their options, yes?
With cash in hand I would say that Miramar would
do well to shut Con down and move on to properties
which are cheaper, and potentially more profitable,
focus on the copper maybe.
I will have to re-read the annual report to see if
my thoughts are even on the map. At this stage being
in this feels a lot like gambling, but I believe they
have something on the order of 100M cash, with 60M
shares, even if with charges and maybe some unexpected
losses, taking that 100M down to say 60M still gives
you a buck a share, I think the risk is that management
does nothing--but any action to stem the tide and this
thing ought to pop back up 1/2 or so, just on any news.
(Just a lot of guessing, I'm certainly the least informed
on this thread, having only a couple of reports and edgar
to rely on...and I havn't even been looking at edgar
lately--I have a new PC and I really need to get my old
bookmarks copied over here.) |
