RE:RE:RE:New Ellis Martin interview w/PaulTrying to time the market (to jump ahead of the FOMO crowd) is a fool's errand. Everyone knows you can't time the market. So, for us investors, we will buy and wait and will earn the highest returns as compensation for our patience. Personally, I don't invest in a junior unless I am comfy with sitting on it for at least 5 years. M&A is a long, tedious process. We have to be like squirrels and gather nuts while we can because there will come a point in time where the prices we've seen over the last 15 years will be well in the rearview mirror.
Paul can't control the metal prices or the pace of RIO's due diligence. About all he can do are the interviews and making decisions regarding how much drilling may or may not occur each drilling campaign. Of course, he can continue to push along checking off the boxes on the permitting process, but this project is relatively safe and incrementally decreasing any slight risks would only have a moderate impact to share price. Ditto with the road to Casino, it will be finished, but Paul cannot control the timelines on that.
The alternative is do do nothing. But, how is doing nothing worth of the salary of a CEO? The roadshows and such might not feel like much is being done, but during lulls, what else should he do, play tiddlywinks?
We're back to where we've been all along: we wait for the majors to start a bidding war. Trust me, we are on the radars of the big boys, but until one of them decides to start the sprint towards the finish, we lollygag around the starting line just biding our time.
Put "stink bids" in on WRN if you want to do something in the interim, the market should roll over soon and you may end up with some more shares at a tidy price. Or, allocate funds to some other lucrative targets you have in mind. No need to get frustrated......