RE:MD&A Jan 2023 Thank you for sharing monkeyhere171.
You make a good point about the increased claim that has not been promoted.
The lack of marketing is mind blowing, I am not sure what their strategy is but it's quite obvious that the institutional investments they claimed would flow through following the de-risking of the project (permit) are not happening yet.
Their lack of promotion is clearly impacting the demand for CRE's shares on the retail side. I mean we are not in the in the 90's anymore, with the development of online trading platforms, and the increase of self directed investments, they are clearly missing a lot of upside potential from average investors by not marketing an appeal and a demand for CRE's shares.
I am definitely not happy about the Front End Design completion's stage but I am not sure how long it's supposed to take, so I can't really comment..
I have a different reading to some of your points though:
- compensations ballooned 3x so they are rewarding themself
I believe the increase in compensation is tied to the new hires along with the Grants of stock options, RSUs and DSUs announced on November 8, 2022
- Still have $27M in the coffers
There is an additional $2M in the coffers that you did mention, they seem to be investing it in some sort of GIC at 3.90% which is a sign of healthy Treasury Management. For that credit has to be given to them.
- To date deficit of $47M.. so that's how much they have spent with no revenue
That's normal for a company that has no revenues YET, at least CRE has no debt.
Cheers to all longs!