The extra questions from COMEXWell I finally talked to someone that knows a lot more than me (closer to the source one would say).
And even if Hovis alerted us to the fact I wanted to beleive that this was a publication of old questions.
But sadly Hovis was right, they were new. Sorry for doubting you Hovis.
The good news is that the questions were all rapidly answered and the one about wetlands and soil samples does not need to be adressed (go out and take more samples) since the answer already exists in the 2019 agreement.
Comex met yesterday and will meet again on or around December 15th for their last meeting of 2021. I am keeping my fingers crossed that in one of these two meetings they will agree to send the recommendation to the minister early in 2022.
As for the PP. They have received many offers from investors that wanted even a larger position with CRE but JSL went with an offer that still respects his objective to minimize dillution as much as possible. Nothing like Nemaska who went over a billion shares.
They did not need that money short term but this was a strategic move to sit at the negociatiing table with our partner not looking at our last dollar if you know what I mean.
We have many interested parties and they know that 8 million is not that much when you take in account the ongoing 2nd phase DFS and enginnering and more exploration to expand the reserve.
As usual the PP was offered to investors with deep pockets and some of them (more greedy) just went for it to get a free warrant and shorted the stock to make some profit. This should be over now.
There is roughly 20 working days left this year so lets see if management can hit one our way in that delay.
GLTA