Thoughts?This may sound daft after such a long delay but I still think this still has legs and one day will make investors some money. Problem has been management dropped the baton. Seems to me they went into a gunfight against Glencore with a pea shooter and got a smacking. Then there was no back up plan and here we are months later.
Management should have known you don't take on Glencore without holding all the aces. A gentleman's agreement was never going to hold water with Glencore when they know the resource is huge but they don't know how huge. Asking them to sign away all their processing facilities in return for CDPR taking on the social responsibility was too much in lost dollars for Glencore to accept.
Hopefully management now have a plan B and recent stock volumes indicates news may be close. It should all be simple. No expensive mining - all they need to do is process a mountain of tailings.