Re: Missed Deadline
in response to
by
posted on
Jan 24, 2013 12:51PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
I agree that there's absolutely no excuse that satisfies me at this point to explain the multiple delays and dates missed. That being said, we don't really have much choice at this point but to wait this out or cut bait.
If you believe in this project and think we're going to be bought by teck or another major company, you wait. If you've completely lost confidence and don't think that management has what it takes to push this into production you get out.
I wouldn't put stress of friends and family who are griping about the stock price on you. I never "recommend" a stock to anyone. I'm happy to tell them companies I like and explain why I like them, but it's a good rule to never tell people what they should buy. In the end, only you, and you alone are responsible for the purchases that you make. It's so easy to place blame on others when something doesn't work out. Strangely though, when I've told others about a company in the past and they've made a lot of money, I've never been told, "Hey, thanks for telling me about that stock, good job!" People typically like to take credit for their successes and blame others for their failures.
Reminds me of a quote from the movie Snatch (2000)
"if I throw a dog a bone, I don't want to know if it tastes good or not."
I hear your frustration, as do many on this board, but I'm sticking in it until the end. I'm not willing to abandon something that I feel strongly will give me a significant return in a very short period of time (weeks or months).