RE:Wow Nemaska Houston LakeI've been here since April 2010. That marks my 6 year anniversary. Holy cr*p. Ever since day 1 and several discussions with management, they have never been worried about the stock price. They have also never been worried about what other peers are doing. They have been focused on advancing the project. They are not salesmen. They are geologists and science people. That is bitter sweet. They do not spend enough time and money on selling their store, like NMX, PE, LIX, etc. etc. That in itself is a detriment to the stock price, since if you don't try to sell your story, nobody knows about you.
On top of that, you enter into an agreement with a "silent" company to buy all your future products. This again does not add to the validity of the story and only makes things murkier. If they cared about the common shareholder and if they cared about the stock price, then they would have work a deal with the chemical company where they could divulge their name back in September 2015. But that's not the case. It's almost as if they want to do the bare minimum (in regards to PR), so they can keep the share price as low as possible.
Maybe, just maybe...the chemical company is getting a discount here when they buy 25% equity in the company, because in all fairness, CRE should be worth a whole lot more than $38M market cap (as it is currently valued at).
I could go on an on but for those of you that have been here waiting for many years (just like myself), I think you would agree with most of my points. Why oh why is a FS taking so long. Or better yet I should ask, why oh why did CRE wait 7-8 months to ask for FS financing (from the chemical company), when they should have gotten this financing from them when they signed the "agreement" in September 2015?? Good question. Don't expect management to answer this. They like their stock price where it is. It allows "annonymous" and "mackie" and "national bank" to keep accumulating shares....of course, everything is legal. Right.