RE:RE:RE:RE:RE:DEAD Projekt ???
PatchHand wrote: I'd be curious to know of the comparables but that seems to be a lot of research. Maybe something for the new investor to do, but as I currently stand I am already heavily invested and selling now would give me a 35% loss. Point is, I don't know what a year set back will hold for this company and the stock price. This might get whiped by the impatient investors but at the same time if I knew of a guarantee that they will be approved next year (we don't know this) than buying today would likely give you big gains if patient for a year.
There is no such garanties, but i think it's just a bad timing in a new program that was not well manage by current leaders at MFFP and Couillard Gouv. Look at the site we prepared, how could one give a permit to remove everything, and on the other side say we can't mine. Surely, there will be some heavy discussion with Couillard on this. It's un-acceptable practice to do what MFFP as done. But we can't change that.
If we have had 2018 as a target, none of this would happen... so... perception and market games. Clearly a buying opportunity, same risk as yesterday, just more patience for Silicon-Ridge permitting. But with a 40% discount to closing price, thats more than the cost of capital of the project.
Management will present something also, until then, rather not look to much at SP...
SP never reflected the real value, we still have a 24M PEA(after tax) and low Capex.
Someone buying in late 2016 because of 2017 plan paid more than current price.
Clearly, i can understand buying in at current levels, knowing 2018 plan will be less risky that 2017 plan that was presented. Lot has been done in 2017. We just really need to get more info on the permitting and this entire "caribou issue" and lobby with Couillard so it is clear they will encourage job creation and allow us to operate at the same time as SITEC. Can't have one guy 4 km away "deemed" not distrubing caribou and us next to him beeing a theat. That will be a good case for lawsuits.