RE:What else?Management has done a great job at advancing the project. They landed the permits which were contested in a timely manner. They secured financing to get into production with decent terms from parties who had tremendous resources to do deep due diligence. However, they have thus far failed miserably to deliver to shareholders a valuation that would be comparable to its peers.
The 2017 financing to weak hands hurt a lot. At least they won’t be taking money from lousy parties going forward and just have to clean up the slop. I feel their goal, and a measurement of management effectiveness, should be to get the stock to peer group valuations. That is multiples up from here. Clearly they need to review all aspects of their messaging because the status quo is pretty darn pitiful.