The investor web-site InvestorPlace.com, graded the stock of Rosemont Copper’s parent company, Augusta Resource, as an F as a potential investment. This low grade is a result of Augusta’s “Earnings Growth, Earnings Momentum, and Earnings Revisions.” It is also said that Augusta’s “Equity and Cash Flow also get F’s.”
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AUGUSTA HAS JUST PUT OUT A PRESS RELEASE STATING THAT IT HAS INCREASED THE SULPHIDE COPPER RESERVES OF THE ROSEMOUNT ” DEPOSIT ” BY 30+% BASED ON A DRILLING PROGRAM UNDERTAKEN ON THE PROPERTY THIS YEAR . THIS IS THE FIRST REPORT THAT THERE HAS BEEN RECENT DRILLING ON THE ROSEMONT PROPERTY . CAN ANYONE INDEPENDENTLY CONFIRM THIS DRILLING ACTIVITY ? IT APPEARS THAT AUGUSTA IS TRYING TO STIMULATE ITS STOCK IN ORDER TO RAISE MUCH NEEDED FUNDS FROM THE MARKETS . STRANGELY . THE AMOUNT OF DRILLING HAS NOT BEEN REPORTED – HOW MANY HOLES , DEPTH , ETC ?