News should be applaudedI think the news (more of a summary) is positive.
The meat is they have 12 plus NDA's signed and the process has identified interest and it is underway. To me that is meaningful.
Actually a bit surprised that the announcement came out so quickly after their purchases but they could be into a quiet period again.
I wish the 2017 summary had come out in the last press release when they announced they didn't provide an extension, and that this updated provided more updates on future progress related to drilling, phase 2 feasibility , etc etc to help show the guys in the data room and market that there is more than the existing feasibility study for value. Also wish they could have provided some more "meat" around the financing discussions - wasn't much concrete there. No more than what was said 6 months ago.
They have some work to do to get the price up with an offtake agreement and do some additional financing. They have some funds - I think that using them on some of the other catalyst may be required to move our price up given the current environment. Put some indicative value on the Phase 2, go drill your most promising three holes - might not have been the plan, but may be in the best interest now.
Can't be crtitical of providing us an update though.......