RE:RE:RE:RE:RE:RE:RE:Psychology 101There's no way any financing is pending. No one drops hundreds of millions without massive due diligence and that starts with the FS.
I'm much more in your camp as to waiting before making a sizeable bet.
While it's entirely possible if not likely that the FS results in a mini moonshot the risk is that it falls flat or is marginal. Not worth an all in bet for me.
If the FS is all that it could be, that's the easy part. Getting the money and getting to first pour is the hard part.
Skeena came out with one of the best FS I've ever seen...fat lot of good that did the stock. When they announce financing and the vision becomes real that's when it will move. Same with TLG
According to the Lasonde Curve the best time to bet is upon a construction decision. Of course there are many other variables but that's when the risk is largely wrung out and the reward is in sight
At the end of the day few if any miners are worth owning at all. What we're doing is betting on the reactions and perceptions of others...trying to buy cheap when no one cares and selling when they can't buy enough. Catalysts serve that function which is why I view all miners as "trades" and "rentals"
There are no worthwhile legacy miners as they are depletion stories not growth stories. Have to buy right and know when to go. Nothing is more cyclical, more rewarding, more account killing than this group.
Don't fall in love with them...they all suk in the end