RE:Negative All microcap pre-production companies are very optimistic about their future. The relatively few that make it have resource size and quality, are in good jurisdictions, and have ready access to capital (tougher now with higher interest rates and tightening of capital markets). They also have strong leadership. There is a lot to like in this company.
It amazes me that someone would invest in a preproduction microcap resource company and just think about the optimistic projections of the company, and take a no worry approach as the deadlines slip by years and both the share count and the costs of carrying debt continually increase. It still can work but the margin for error is not great. I am hopeful of making money here, but my RHC investment does not have a large margin of safety. Sorry, but that is how I see it. I do not plan on selling any. I will just follow along for awhile and hope to get some good information, analysis, and insight from others. Whether my worries are baseless or not will be clearly revealed in the next few months. I hope they are totally baseless.