RE:RE:RE:RE:RE:RE:The reason why Pobrdje is delayed...
Greetings folks,
I agree with these options as they are more or less stated.
Option 1: I'm going through a bankruptcy of a coal producer in North America. It will take about a year to emergy from bankruptcy, perhaps longer. Podbrje is a long way off, it it must be cleaved off from Serbian state corporations. And if this is the first of it's kind, even longer. I suspect this mine is a year away, perhaps 2, imho.
Option 2: SCL is wise to keep away from JV with Erin at this time. Besides that, building a boron processing plant is going to require capital. SCL may not be interested in bailing Erin out ever.
I'm sad to say that Option 3 is the most likely scenario, inho. The longer this takes, the harder it will be to fill PPs. And SRK has Erin over a barrel.
The Serbian political leadership cannot be trusted regarding timelines. By their account, we were supposed to be mining boron 1 year ago.
I believe that silence by management represents embarrassment. 2016 has been a wasted year.
It's a shame, really. I was going to take a significantly larger position in this stock.
I will check in in February, after the annual meeting. I hope Tim has something useful to say.
Happy Holidays and GLTA longs.
Nobodysfuel.