no confidence NKL and PCY were always long term plays. Lots of day traders jumped on the bandwagon and treated it like it was a year or two out. I admit it, I was sucked in to that mentality as well. It never occurred to me that either of these would fall as far as they have. What we are seeing is a vote of "NO confidence" by the markets. These were a great idea with the goods in the ground to back it up. Unfortunately, execution has failed at every turn. PCY was the canary in the coal mine. Unable to ship by rail as proposed. Unable to ship economically by truck due to deisel rationing. Unable to use the russian port. Unable to use the Zeltura border crossing. ETC, etc, etc...... Then came the mistatement and restatements of drill results and values. Unkept promises of news, not just by the stated times, but STILL not accomplished. For out of the box thinking, I want JL. For execution, ANYONE else.
Holding but NOT impressed. May add below 10 cents on both.