Are we expecting the price to drop on earnings report?
It seems everyone out there expects pretty bad news (1/3 the profit of a year ago?). I would guess that has already been pretty much factored into the current price. Is there any reason to hope for good news, and if not, then when? Thanks, this is an honest question not bashing or pumping.
Looks like all of the bad news was not already priced in although you would have thought it should have been. Price action got worse and worse as the day went on. Would not surprise me if a lot of this is just more and more shorts piling in. Hope we can hold $6 with the dividend right around the corner.
What every one seems to forget, they still have KNUG, which has about 96,000 oz of gold production a year along side the 124 million pounds of copper. The mine will last 12-13 years and cost $250 a oz to produce, using the copper to reduce costs. Most of the infrastructure is already there, so there won't be the gigantic out lay of money to open it. From what I read they were suppose to release the feasibility study this week or next. But corporate heads are not known for keeping their word.