UncertaintyThis is my understanding, this company has been allowed to drill and define this boron deposit but they don't have a mining licence to develop it. This has been going on for many years possibly 15 years but nothing has changed in all that time. They still don't have a mining licence. They have taken on a joint venture partner but their agreement hasn't been fulfilled. I don't think it ever will. Meanwhile Erin Ventures keeps doing Private Placements and share rollbacks to keep investors interested.
Now the share price is at 5.5 cents and at some point they will need to do another Private Placement to keep their company alive. Without the mining license they don't really have anything. They will soon need to do another PP to raise money but the share price is too low. They may try a reverse split and try to raise money at 15 cents because the dilution at these prices would be horrendous. This deposit will be developed but I don't know by whom and I feel the investors here are being short sighted in Erin Ventures intentions. Correct me if I'm wrong. What are the thought out there on the viability of this company? CHEERS!