RE:RE:Another 174,000 bought at market by SSL
Been following, closely, since 2004.
RioT has a habit of sitting on their wallet until they have missed the sweet spot and are then forced to overpay. I suppose if eventually we are overpaid it will help make up for a lot of lost time.
As frustrating as their games may be we needed their hard-boiled attitude to keep the Mongolians at bay, but the dragging out of a good bout of exploration on the JV targets and at Shivee West’s prime targets is a disappointment. To say nothing of the seemingly half-hearted attempts, if any, to determine the offset at HNE that seems to have displaced the northern continuation of the high grade ore shell. I wonder whether the geology/morphology already tells them how big the offset is by just looking at what strata they are finding and comparing it to HNE.
We’re the Rolling Stones, they are the Hells Angels at Altamont. Yeah we got security, but at what price?
My bad being sarcastic. It is frustrating to see the project so far advanced, the price of gold and copper both doing well, and our accomplishment for the year is some dilution at a depressed price. Our market cap is pathetic, all things considered. Which a few weeks ago screamed “buy”. But what if you already have a massive, bloated position? Sit tight and grumble, or at least that is where I am at. Grumpy, stubborn, hopeful we’ll get a big premium from where we are today before we are “retired” from the project.
Geez, SSL is still buying more and creeping towards 50% plus one if you add together TRQ and RioT. What is Nolan’s game plan?
cg