RE:RE:RE:RE:RE:The Chinese Impact, Good Or Bad? Thanks for this history lesson.
if you think there is value here you should invest
dilution was the only obvious solution- that's why we are still trading lol. Robin goad wasn't gonna lose the company over 12 mill- not this year at least. One financier converted their debt to shares- so it was a win for them. The other financier extended to 2023.
juniors need to raise money- we are very far from a producer- as we don't have a current feasibility. HO says we are advanced- while I do agree we do have a base line analysis-the refinery is a big part of the economics- without an feasibility - we are actually a lot farther from any type of announcement of project investment in a grand scale.
Of course, anything can happen- but for shareholder value- we would need some major investment or partner- otherwise it might be a slow drip. Staying long because I dunno how this will play out.
maybe they get lucky with government money- it won't be much relative to the money they actually need.
they still need a partner- that's a big void outside of fortunes control even. The macro conditions aren't great. Capital money flows aren't exactly moving right now. Patience will be required to see any type of return here for a long while. Unless of course there is a buy out/ partner/ investor- but that imo won’t happen without an updated study. If they announce 25mm we may pop- but it would be muted in relation to what will really move this like an NOU.v or NOT.v
who knows. An mou also won't do anything to move this to an investable company- they need a big financial commitment and partner to move the SP imo.
Good luck to all- I see more sideways trading for a bit- unless something comes to pass like a big energy/ infrastructure investment in the area that will also benefit the economics of fortune and make it an investable project by a major.