RE:RE:RE:RE:What sparked the drop?Hello to all
I was at agm and it probably was the best one I've been too since 2007 , management was very available to answer questions ( that they could) , everyone was up beat , in my opinion I think an off take agreement is coming and we won't see a major come in right away , the math as discussed at the agm is easy 300M ebitda are 79$ usd a ton at 85c cdn exchange rate , with an off take they get $ via bank through debt , some cash , and little dilution , once its
up and running in 2019 maybe a major will come in but a at
much higher price
I think an off take takes us to 3-4$ take a look at karnalyte they cited this company how they liked deal and Stornaway as well ( how they didn't like the dilution for Stornaway)
and I think with endeavour in the picture we will see a deal quicker than sooner
glta