RE:RE:RE:RE:RE:What the government is going?Phantom, the SP has everything to do with the company. It is the market value of the company.
if the market value is a fraction of the book value it tells you everything you need to know about the management of that company.
It is not money out of companie's pocket. It is money out of future ability to finance...
Management should not change their mind on daily bases on what they want to do, it means poor planing. Smart management will take year to make the plan before moving forward, NMX moved forward making the plan as they go...and that is why they run into cost overruns and delay...no clear plan to follow...
I liked the company at beggining of 2016 and by Sep. I started to have doubts, but since sep of 2016 every NR started to increase my doubts about the quality of this management...Jan 2017 with the news on cancelation of Doris FS on the day that Doris FS was to be announced it sealed the deal for me and I was the one that unloaded 350,000 shares at $1.54 - $1.52
phantom666 wrote:
rickhunter, the SP has nothing to do with the company. with 850mil shares out, do u think it's money out of the company's pocket when the SP goes down? NOT. Remember that the Tech report was an ESTIMATE to what the project would cost. Then the decision to focus more on the Lithium Hydroxide side of the extraction meant revising engineering, blueprints, equipment and construction, to the extent of a cost overrun. Imo the shorts r having a field day right now. It will be completed and in production!