insidersOne thing that's not lost on me is the fact that insiders have not bought since March 15/19. That's basically 4 months ago.
When I talked to JSL maybe 6 weeks ago, we were at around the $0.50 mark and I asked him with the steady decrease in share price in the last few months, how come he wasn't buying any shares? Were they not cheap enough? His simple response was that he can't. I asked him if he wasn't allowed to because of the "black-out period" but he did not confirm or deny this. He simply said he can't 3 different times to me. So I let it go.....and read between the lines.
My hope is that they have an offtake lined up and just waiting on permits to be issued before they ink the deal. Less risk for the investor. I'm also hoping they don't give up more than 30% equity. In my previous discussion (and I think this was also confirmed at the AGM by those that attended), they want to give up the least amount of equity BUT it's equity of the Rose project alone. It is not equity of Critical Elements as a company. This is because the potential to find another Rose on their property (or simply drill and keep adding to their reserves) is very possible/probable. Therefore they don't want to give up equity in the company since it could be worth billions. And here we are sitting at $63M market cap, with the Feasiblity Study on the Rose project putting a value of over $700M after tax. Ummmmm....is there a disconnect somewhere? LOL