InvestorsHub Logo
Followers 120
Posts 6567
Boards Moderated 0
Alias Born 05/08/2007

Re: None

Wednesday, 05/30/2018 6:10:37 PM

Wednesday, May 30, 2018 6:10:37 PM

Post# of 859
Damage Control PR? Out of all that rhetoric, this is what I read: "Mechanical challenges" and "more delays"

Overall I thought PR was honest and explanatory, however these challenges/delays will likely put more downside pressure on the equity.

Longer term, I think this will be a game changer to the mining industry. Short term, which is all penny stock players can envision, share price will continue to decline, until their operational challenges are overcome.

So I'm just going to watch the share price decline further, while they work through all this. Then I'll buy some shares at the fire sale. The fly in the ointment, with this mindset, is if they/or Jabil decide to buy back cheap shares, before I do.

I think the investment bankers are invested at $1.50 share here.