RE:RE:RE:RE:RE:newsLet's see if the price continues up tomorrow. I believe that Greenstone would buy the entire company if it could at these prices. I understand that management wants to avoid debt - that keeps the company out of trouble if the permitting takes longer than expected. However, I hope that when all the permits are in place, that they will not finance the construction with more dilution. I'm sure that they can get a loan from Red Kite or somewhere.
Clearly Greenstone is confident about Excelsior. The downside risk seems to be virtually non-existent for the immediate future, while the upside potential is huge. One would expect the price to stay above .45 from now on, but of course in the stock market you never know. At least we finally broke .40! That really took a long time to do.