RE:Anything new?We are going to see the price stagnate for a while before you see any action.
it looks like they are pushing back the construction completion date again.
at first it was first quarter next year. then they said 2nd quarter.
now they are saying 2nd or 3rd Quarter.
in the interim They need to pay all employee wages with no cash coming in. I can see the share price dropping to around 10 cents by christmas to reflect monies lost by the company. This may change if substantial good news is released in the interim... but I cannot say for sure.
then as we get closer to the completion date, the stock will start to heat up.
when the completion was slated for 2nd quarter, I figured the price would start to heat up around christmas. Now I'm thinking Valentines day or Easter. Which is fine.
so long as they are not severly over budget on construction I'm ok with it. That will be what we need to look at. we dont want them in a situation where they cant afford to finish the work. That is where the risk lies on this play.