RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Market cap drops to $300 million after hours..LOL! Excellent synopsis. Thank you. They may well have hoped that there would be a bump in the stock with the release of the feasibility study...and there was...but they gave away these shares way below market and we should all be rightfully PO! While I have no issue with buying back the royalty now for long term gain later this was a terrible execution.
The saving grace for me is the strength of the project. You're not going to see anymore inflation and rates have about topped out. The global economy cannot handle a US dollar this high nor can any of the deeply indebted nations handle rates here let alone higher. We're going into a big recession. The stupid central bank gods who gained control of everything know nothing, have caused one serial boom bust after another and this one is going to be epic.
At the end of the day SKE will get good financing with their 1 year payback, gold will soar when the FED folds, rates will plunge again towards zero when the unemployed masses begin howling or we have a massive crash of the system.
I'm not in too deep with my 4 developers and won't go all in until the FED actually folds. If one can accumulate slowly at every incremental rate hike you'll be richly rewarded when the latest FED blunder fails and both rates and inflation fall off a cliff.