RE:RE:RE:Re the awardI hear ya NF.
We all want the best for the shareholders, whatever that might be. I've been speaking with a lot of people involved in the RR issue (them and a good many shareholders). RR wants to make money on its investment. It's as simple as that. I don't believe for a minute that their proposed directors will do anything other than assess each asset, and make a business decision, along with the other directors. Assuming Harmony and Aley have little to no carry, it makes no sense to throw them overboard. It may even be that a joint venture with Aley is a possibility. I've been pitching that idea for years. I like the idea of contributing a fully entitled mine to a JV, having a partner put all the remaining cash, and sharing ownership on a fair basis. I don't, however, want to develop a Niobium mine. That's just me.
As to Florence, we see that one differently, but maybe some fresh eyes on the project will convince me that it's viable. I simply don't see the test plant being permitted for years, and the remaining mine a decade after that, if ever. And if we start bleeding cash, which is very possible, we can't let Florence take us down. What I really take issue with is management intentionally leaving the impression that we'll be breaking ground any day once the "permit" is in. They know full well that we are a very long way from the permits and subsequent litigation. TIme will tell, and if I'm wrong, I'll be the first one leading the victory parade.
And yes, if copper goes up nicely, it would be great to buy back the bonds. I suspect their price will go up as our cash position improves though.
As to the class action, I was shocked that we didn't get one when we bought Curis. Thought for sure someone would sue HD. As to a new class action, I have no idea what the claim would be. That, however, has never stopped management from starting a good lawsuit. So we shall see.