RE:RE:RE:Caustic results out in November thanks kodi, out now as the company is neglecting their own timelines set out only a few weeks back, a huge huge red flag for me, tax loss gearing up hard and IMO nothing you going to hear from the company regarding the summers program is going to lift this now. No company is an island, if there was great news, IMO, this would be growing in price and volume, not happening. IMO, a partner announcement is the ONLY thing to lift spirits here and no partner is going to come to the table if nothing has changed since the last PEA… (With the exception of millions more shares in the float), and the ugly prospect of having to raise many more millions. Long term longs do still have something... hope and prayer.
I see another round of dime, or less, rights, not sure if Sprott would bother to agree to back stop it if the drills didn't pull up much, and that would mean a round like the second last one, not fully filled, tank city. If they do another rights, I can’t participate anyway. Silence is NOT golden, remember, company promised micro diamond results to come out Sept/Oct, I now think they are going to wash any results in the middle of a wordy NR and then announce more paper to keep going. Think about it, why would any partner come to the table if the summers program turns out to be meh, nothing has changed, way too many "mines" have promised big things to wind up disappointing when the rock starts coming out of the ground, diamonds are a hard business, without some nice diamonds coming out of the summer, the odds are stacked against pgd IMO. If the results are okay, the share price is not going anywhere, tax loss then, lots of time to digest, but I see this going south, way before it has any chance of going north now. I will answer your next question, no I haven't shorted it again, yet, sidelines, will make a re-assessment in the next 4-8 weeks, know this, I could be wrong in my current assessment, and the longs will all become kagillionares overnight, happened at NNA, why not here…eh?? ;) , robybob said it, need to find some sulphides, OT, surprised Ollie and Slippery haven’t been here claiming they called NNA, too funny ... good luck.