Dunno why this one is so far under the radar.
Maybe because of finances?
Seems like it's past time John Hancock dropped a signature on financing - March 31 NOT that far off.
Needed high cost $$$ to get going, but now need to refinance at lower costs. The interest bleed is not helping treasury or SP.
Market hates uncertainty and, unless I missed something in 3 month statement, we are NOT as rock solid as Blue Mountain.
Maybe because plant start-up failed in early stages and cash flow is impaired?
TCW debt costly @ 14%, availability of capital still not finalized and down plant = DOUBT and UNCERTAINTY!!!
Time for new IR guy to earn his keep.
However, have been a buyer this past week and still,
OPTIMISTIC.
P.S. IF I'm wrong on status of JH loan arrangement, please correct. Or check with IR when he is in next week. BUT cannot see from PR's that this is guaranteed money in the bank.