RE:RE:RE:RE:not many sellersI think part of it is that companies that operate in low price environments for so long tend to accumulate depreciation which is seperate to profits in reality but not on the books. Therefore, we have to see a few quarters of higher prices before profits really show up on the books as things were sluffed off and delayed due to accrued depreciation, etc. Also it's better to take these types of hit slowly instead of scaring everyone with an atrocious quarter if there is no end in sight to the bitterness. Now that we have 2 quarters of improving situation it will take some time to wear off the 2 years where copper was low. Meanwhile we have diluted moderately, but not extremely, refinanced the notes at a better price, and have enough money to build out florence, which should be permitted this quarter.
If you think we were almost 3 dollars a couple years ago and today we are under 2 despite much higher copper prices, EV market share grinding into double digits all around the world, it's safe to say there is no exuberance in our stock price.