RE:RE:RE:200MAmonkeyhere171 wrote: How about dropping $26M so you can save $75M, now make sense?
If the partner is to provide 50% financing aka $200M but stock price is around $2.5-$3 he will get what 80M shares as equity.. that have to go to $6/share so they get their investment.
Now, with the company's help you drop the price to $1.3-$1.5/share by investing $26M (and free warrants). Financing is done for around $2 (after permits approval) and you get 100M+ shares and possibly warrants to sweeten the deal.
As the mine will get build, share price will go reach eventually $4-$5 onve the mine start operations. You sell your equity and warrants, making millions and poor retail investors are footing the bill. Classic story!
For few weeks have been telling the price will be walked down and stay there until permits and the 2.5M shorted shares prove that. And no, there is not going to be short squeeze as they got the shares from CRE management and its not naked short, that will have to buy back. No technical analys apply here. Just hold your shares and buy more in the new year.
If any doubts about my theory, here it is the lates short report from Dec 15! As you can see 2.7M shares were covered, and that's not buying on the market, it's the shares from the PP. You can sedn your regards to JSL.
https://i.ibb.co/V3NLShg/Short-Position.jpg