(sunday drafted) commentsWas debating to buy ( at 06 )for a bounce to 40
So had to jump in today( Fri ) for a modest first buy ,
over 13, on the breakout )(and profitable shorts taking profits) .
Their key to ultimate survival
( ie to overcome the delayed cash flow ( sales ) )
is the ability , if necessary , to sell off or JV
one of the OTHER two projects under
exploration/development
ie to raise cash to strengthen the balance sheet and continue operations
( not a liquidation or buyout / takeover )
Copper in the ground at this stage is worth 3 to 4 cents a lb
in a sale transaction
I was expecting news on that front to surface
( ie the data room is open )
Many other posters seem to be on the same track ( Saturday)
Hotsnot is incorrect .
Generally speaking Debenture holders only get paid ( out) - first in line
on divvying up liquidation value ,not full amount , upon Liquidation.
If company continues as a going concern ( with or w/o a PP ) or a takeover / buyout
they collect their interest not a pay off from PP
You are confusing a buyout with a bankruptcy liquidation.
And they do have a place to get money ( the farm out or sell off of all of an advanced,
property ) Thats why the data room is open
Also this not a straight rollback situation ( of a blown explorer with nothing proven.
This company has spend money on developing a mine so some asset value is there
And cash flow has just been delayed and reduced
Ie the speculative bet is ...
Good Speculating
U