RE:RE:RE:RE:RE:RE:ExecuteBack to the subject in question - whether to execute the rights or not... I don't think anyone here has the slam-dunk answer. I too am unsure what to do, but we do have a bit more time to consider.
I know that I am not selling my current shares. I suspect this stock will either go to zero or will go up by multiples, and this year is probably the pivotal year. To me, it certainly is very speculative, but it seems that the upside is significant.
I am not as optimistic as others about the CC recycling taking off this year. I look back to what happened at Enviroleach - they tested, tweaked/modified, retested, etc. It took significant time for them to get their plant into a production-ready state. Through-out that period, Duane would say that it is common and expected to go through this type of process. So why would I not suspect that Mineworx may also experience plant/process issues and need to go through some redesign or process improvements? I'm not sure whether Mineworx has planned/budgeted for something like ETI experienced. I hope that I am wrong, but I'm fearful that CC is further down the road than planned. I am not saying that CC will be a bust, but I am saying that it could take longer than planned.
That said, I am optimistic about MWX starting to get revenue from their share of the ETI plant. That amount of revenue is from a SINGLE plant only, so it is not enough to fund a company like Mineworx, but it hopefully will provide some cash flow to help them with CC and Cehegin. I'm unsure whether any future ETI plants will include Mineworx as a partner. If Mineworx is the only company that can bring the dedicated machinery to additional plants, then they may still have the opportunity to be an ongoing partner. However, with what happened in the CC "partnership", I am doubtful that Mineworx will be a partner for future ETI plants.
The reason I am continuing to hold this stock is Cehegin. Rancher and Baily have previously covered what this asset could do to the stock price if it is as rich in iron ore as management suspects. Whether MWX management is good or terrible, it would hard to mess up this situation if the asset turns out to be great.
One last thing... I don't think the CC recycling intellectual property situation with ETI is over. There isn't a lot of reason for ETI to pursue this now. I am not aware of any public proof that MWX process works or that the plant itself will work. ETI had many independent tests conducted to prove their chemistry. I don't think such proof exists for MWX, at least publicly. There is not much money to go after. However, if the Mineworx CC plant/process is successful, then there may be reason for ETI to pursue legal action. Is there any legal basis - of course we won't know. Just because GP says they are not infringing does not make it fact. They were operating under a LOI with ETI for months and were actively working in the ETI lab with ETI personnel using ETI chemistry. Doesn't seem unreasonable that something was "learned" and helped them develop "their own" process.
I am not trying to sound negative about MWX. I've owned it since prior to the ETI spin-off and have not sold any. I'm down quite a bit, but staying in this game for now. I have a much larger position in ETI and still believe they will be a big winner, but I'm also hopeful that MWX can be a big winner.
I hope to learn more from MWX prior to the Rights expiration, but I am doubtful that the company will release any material information during this period.