CUY 0.00% 14.5¢ curnamona energy limited

stigmata,Perhaps I'm only searching for a good spin but I try to...

  1. 429 Posts.
    stigmata,
    Perhaps I'm only searching for a good spin but I try to see things in light of two separate events.

    One, is that recent drilling will confirm a big resource and the trial mine can be expected to work well (hopefully ann. very soon).

    Two, the recent sell down was magnified by the announcement of getting CUY to stand on its own (not because of insider knowledge of upcoming poor drill results). The announcement was clumsy in that HAV didn't reveal exactly who is getting the shares and when - naturally the market immediately perceived that as an uncertainty.

    If things are still on track there must have been good reasons (unknown to us) for the timing of the announcement.

    JP Morgan was no doubt in on this development with advice. As a holder it's not been a pleasant week to watch. However, knowing how thorough Bob Johnson is, no doubt there has been a plan laid down that will maximise benefits to the shareholders.







 
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