RE:RE:RE:RE:RE:Perhaps this, perhaps that...As far as I understand, Lascaux has no intention of seizing control of the RSM. They want FT to operate it and thus why they extended credit... to protect their metals streaming supply. When FT was running on fumes late last year, Lascaux had the right to take over the mine but they didn't. They know that FT can operate this mine successfully. A new additional partner (being hinted at) will help lighten the burden of the financial terms on the additional $12M capital injection. Lascaux probably provided the $5M knowning that FT had another source of financial support coming and has met with them.
OK, all this talk (including mine for sure) is getting redundant and we only go over this ad nauseum because the stock price is so low and so we assume that the stock is telling us that everything is going to hell in a handbasket - something that is likely not the case (i.e., a classical case of the "tail wagging the proverbial dog"). Sure there is concern about the mine and lack of NICO financing - but to the point where the market cap of the entire company is about $18M, which is far below the resale value of the RSM or the fully permitted NICO project? The stock price is low MAINLY because a very significant U.S.-based holder is desperately trying to dump every share he owns because he needs cash and there are a number of shares that he owns that do not have insider status. That's why his $27M shareholdings as an insider remain untouched and yet millions continue to be sold through the U.S. It truly is a gong show and indicates how pathetically in bad shape financially he must be in. It doesn't take Sherlock Holmes to solve this case. The main clue is that there is no other large U.S.-based holder that I am aware of and certainly not one that we know of that is selling loads of shares. The good news is that he will eventually run out of shares. If any of us wanted to add to our position, then thank him for the gift of keeping the shares artificically depressed and buy. I think the stock has bottomed and about to begin a significant recovery.
Silver looks very good technically: double bottom, breakout, pullback and successful test. Next stop $18 and higher...