RE: RE: RE: RE: Accumulation at support levelmy guess is, is that JL has found that a Hong Kong listing is not likely for quite some time, and that something has changed regarding Changdana. It don't take this long to translate the feasibility study. I think that Howe street is circling and that can only mean that they are looking for a financing. Why them and not Hong Kong. My guess is that the power plant as originally envisioned has changed. It is quite likely that the dreams of grandeur have been tempered to reality. The Changdana power plant is likely to be a progress at a slower rate and smaller scale than first envisioned. If you can't raise the megabucks then you have to do with less is more. Something more in line with expected cash flows.
This has been up until recently mostly JL's vision. With all the recent additions to management and the board it is quite likely that these newbies with credentials have given their two cents as to what the most prudent path is. It is more than likely along the lines of not biting of more than you can chew. All in all this is best for the long run as it will mean less dilution and more reliance on cash flows and bank financing. This all adds up to sideways action for awhile and a lot of PATIENCE on our part.
Remember we still need government approval. This hasn't even been applied for and will not be until the feasibility has been finalized. AND it will undoubtedly take a few months.
It could be a slow three or four months. Let's hope the stock market doesn't tank by then.
We had an update on Ulaan (thanks JL) I think it is high time for the same on the power plant....... please.
If my theories are wrong and the selling is with respect to something else then we could be in for a beating.