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Topic Rating: 0 (0 votes) 
417 Posts
April 6, 2008 - 9:12 pm

I see by the increase in the number of votes on the poll that we are getting a few new visitors to the blog today.

First a word on the poll itself. You are being asked whether PK should be dismissed immediately, or be given a bit more time to turn things around. The other choices are i) to give her until the AGM on May 29 and if the share price is still less than 50 cents by that date, then she should go or ii) give her until the end of Q3 (sept 30, 2008) to see if Lamaque meets its current forecast of producing 750 tpd in Q3. The latter is key to CMM's future and if that production forecast is met, it would be the first one and perhaps reason to stay the course.

Personally I think she has to do both to stay around. If the share price is less than 50 cents on May 29, then its time to go. If the share price is higher than that on May 29, but if on Sept 30, the production forecasts haven't been met, then her time should be up.

This is a critical time for CMM. Items that are key to its future are getting the financing needed to ramp up both Lamaque and San Juan as well as money for exploration on other properties; and securing an agreement with Algamarca to delay payment terms for both Rosario and Shahuindo. IMO PK should stay to see these through. If they don't get done, then she should go.

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