Geovic Mining (fka GVCM)

[downsideup]

They published some stuff from the presentations at their annual shareholders meeting. It's on the website...

Suggests the "rumors" from Africa are probably just that... pointless retreads of the articles from back in 2011, and, ah, perhaps "overly optimistic"...

The tone in the materials presented to investors appears it is a lot more subdued, and they seem to have them focusing on what they'll need to do to get rid of the millstone around their necks in the cobalt project, which appears it's going to be dragging them down...

The burn rate they have established in supporting that project is clearly not sustainable...

They're clearly enough aware of that...

Just leaves it a wide open question whether or not they'll be able to get rid of it, before it gets rid of them...