RE:RE:my thoughtsFor over a month now I was telling what will happen, no one believed it seems.
Just look at the short report:
Nov 1-Nov 15th - 40% of the trades were short selling
Nov 15th- Dec 1st - 12% of the trades were short selling
Dec 1th- Dec 15th - 12% of the trades were short selling
All this thanks to the management and the PP. These are not naked shorts, they have the shares.
Some said it's the shares from the previous PP - why short sell then, not just offload it?
So far everything follows what I was predicting:
- Price will drop and will be kept low - hopefully until after NY so I can buy more :)
- Watch for when the permits are announced - the pop again will be heavily shorted to keep it down. Just look at the federal permit price action.
- Very soon after permits, the financing agreement will be announced and the partner will get around 150m shares (assuming $200M financing and another $200M debt, so 50/50 deal?)
All this because CRE secures funds and builds the mine, management gets their salaries and bonuses, the partner gets a big stake at a super low price (will sell their shares back with 100% gain to the market in a year and get everything back) and retail pays as instead 5x gains we will get 2x (max 3x). Watch and learn as for me teh deal is already agreed on and will be in the $1,75 range.
Why I'm still here? As many pointed, show me a stock that will double in 6 months (or a year). Plus I have been here for 5 years now and will wait for my $2.5 mark