RE:RE:Can the company survive?I sold this stock a few days ahead of the boneheaded decision to reverse split with that stupidity being my final straw as it legitimizes the equity printing press . Management so far in my dealings with them has been elusive and among the worst I had invested in which IMO was one give away of a potential failure here.
Actually the question is almost pointless to answer unless you are a true diehard who got stuck with the shares from chasing the nickel bubble in 2006 and willing to take on the risk of finding a point to average down to break even. As long as the weakest link (Nuinsco's share holding and constant barrage of selling remains intact as its effect is nothing different than a constant short selling attack and it is premature to take on this risk now). I think you have to be very aware of the warrant strike prices as impossible hurdles to overcome
I also don't have to remind you this stock already performed very poorly under nirvana sector conditions during the summer months in 2014 while practically every stock in the silica sector over that time rallied 100% + on top of already crazy historical high EV/EBITDA valuations for a mining commodity while this stock still continued to trade at a healthy discount to book value.