Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

Free
Message: Royal Bank Sell Off

Nickel77,

Buying in now, before the 2Q financials are published, would be an unnecessary risk IMHO. It’s good the production numbers are up but there is no indication of what the costs are. I would wait. If the 2Q numbers are so-so and there has been no debt repayment I would run away as fast as possible.

Extrapolation is always risky as well, the equivalent of counting chickens before they are hatched. Just too many things that can go wrong.

I do agree with you regarding the 3Q, but the numbers must show significant improvement. Again if there has been no significant debt repayment by the end of 3Q there is little hope for the long term shareholders.

Cheers

ebf

Share
New Message
Please login to post a reply