Sandeep callI have a call with Sandeep Singh today - 2:30 EST to discuss some of my concerns:
1) We've previously been told once (maybe twice) that we had enough cash to get thru permitting. Now do we FINALLY have enough cash to get that done???
2) Why do we need $25M now ---- Sandeep can you imagine how much higher our market cap and share price today would be (for example) if we only had $10M in cash and took that other $20M and bought back $20M of stock over the next 2 months? Point being --- excess cash in bank does very little to drive market cap.
3) Explain how can the stock go down 7.5% when gold and silver and copper all up big yesterday ....and then after market close we hear about 7.5% dilution? How is this possible?
4) Can you help explain to me the fact that we have $125B metal resource and we are trading at 0.2% of that. Or alternatively trading at < 5% of PV of FS --- which is only 1/3 of the resource? What are you doing to drive marketing and investor excitment in the project?
5) What are we doing to drive compettive tension to Rio? We've been asking that for like 2 years now.
6) Many shareholders are getting worn down by the year after year after year of languishing share price. We are still waiting on Dale's bold predictoin about 3 years ago that Rio has very little DD left and he expected something to happen well within the 1st deadline!
Please send me any other questions you have for my informal 30 minute call with Sandeep this afternoon.
I will say this, i'm giving Sandeep an A+ for responsiveness. I sent email last night at 6PM and he responded by 10PM and had an invite on my calendar by 11PM.