RE:Yesterday's big losersSo after I was pointing out that the delay in financing deal is probably due to mine life (was mentioned onece by Eric right after permit) and they need to increase the lifespan of the mine before signing everyone brushed off the possibility. No a year later the facts are starting to settle in
But of course it's broken clock and it's right twice a day right?
Told my reasons why I sold all my stock, when I sold it and still are saying that best time to buy back will be tax loss selling season (Mid Dec)!
I don't trust this management, they don't care is project is delayed by a year or two as I said many times JSL goal is to build the mine , and he will but at what cost to existing shareholders?
By mid-December this dig will be $1.20 even lower if market sentiment continues to darken up. So my capital will buy me almost 100% more shares without adding any more funds. So even if they make a bad deal with 300M shares dilution and stock just move to $2 -$2.50 from Dec low I'll get great returns. If they surpassed me and make an amazing deal meanwhile.. so be it still sold at a profit, not what I wanted but we measure our own risk.
Again drilling is (hopefully) happening now so will take 4-6m to provide any proven resources update. Based on this I don't expect any financial news until end of Q1 2024.
There will be money to be made here but questions remain how much?? I was saying many times that big red flag is that no larger entities are buying the stock and for me it means they all expect massive dilution. Forget what Management said that they will not issue stock at these levels (that was around $2.5) since its market who dictate the rules not CRE management.
I'm not against dilution and you can go back and read my post back a year ago that this should be done on the back of permit news now is just the worst possible time to do it.
Good luck to all holders here