I just got the chance to listen to the replay. "We're looking at merger opportunities"
Why on earth didn't this stock see a jump today?
They lost 6-7million pounds of copper because of the 13 day interruption due to lack of transport (not expected to happen again)
Another 6.4 million wasn't able to be included in this quarter's results.
And 4.5 million were counted against the cap costs.
Reiterated 2014 targets... C1 Cash Costs were $.98 which is fantastic, and the earnings miss can easily be explained by the aforementioned effects on revenue.
They earned more income in this quarter than the entire year last year! This should be trading above $4 right now!
A merger with Ivanhoe would make all of their quality projects finally self funding. On the acquisition front Avnel Gold is now a no brainer looking at their PEA. Their project can be 100% debt financed by NSU with a hedge at current prices and still make a very high IRR over 60% after tax provided you can convince Elliot Management to part with their majority holding up to a 100% premium to the current price.