GREY:PLUUF - Post by User
Comment by
Y93H1979on Mar 04, 2019 9:11pm
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Post# 29441422
RE:RE:Alex Holmes interviewed by "Proactive Investors" at PDAC
RE:RE:Alex Holmes interviewed by "Proactive Investors" at PDACThanks Juan. A very underrated aspect of PLU leadership is the willingness of Ted O'connor to step down as CEO. It would have taken a lot of humility and shows he is in this for the greater good. It was a big salary cut with far fewer options and demonstrates he has skin in the game and not chasing the salary. He's already got over 2 mil options (in the money), so wants to see the project succeed.
Muted market reaction to the resource update, not surprising. I still think metalurgical update will be a bigger catalyst, with some sort of cost estimate for processing to carbonate.
Legislation will be a big catalyst too. I get the feeling the market is still confused regarding the Li project and the "radioactive legislation". Nevertheless, with legislation in place, the U project becomes in my opinion the second best undeveloped project in the world (arrow first of course and with Salamanca hitting permitting roadblocks). This will bring in the institutional money, as it is such a major derisking event. Hopefully both announced in the next month. Fun times!