RE:RE:RE:RE:FirdayNot sure why everyone is focusing so much on these final permits! Just look around, neither of other juniors have gone far ahead in the process like CRE but they do trade multiple times higher.
It is management that is to be blamed, as I have been saying many times that JSL goal is to build the mine. The PP allowed to provide tools to keep the share price depressed, no promotions of the company and no word from the IR guy that was hired!
All this so the potential partner/financing deal will be done at lower share price and obtain between 1/3 to 1/2 of the company by issuing shares. Given the inflation rate I think construction cost is sitting now around C$400M so they may issue 100M shares @ $2(or a bit higher) and $200M loan. In 2 years once production starts, share price will go around $4-$5 so the partner will sell the shares, recoup the money and have access to supply at a lower price. Classic lol.
Im still hanging on here for my 100% gain from these levels and will move one. But my lesson learned is never to invest in QC company anymore no matter how attractive it looks like.
I risk the Venture exchange to make decent profits and prefer company that will promote and pump the share price so can make some profits.
Back in November I did buy some FL (few thousand, not much) as I was really pissed with the PP, didn't really believe in the company.
It actually hurts more to look at the FL gains and right next to it to see my main CRE investment.
Our time will come, I personally don't expect anything until late Spring. Just not a believer that CRE share price will reach $4 this year unless:
- company provide updates regarding how they plan to finance Phase 1
- FS for Phase 2 and promote that they will do a converter and be NA supplier to the factories coming online
- Do some PR that long lead equipment was ordered
- Announce some investment from QC government even symbolic to show support