RE:RE:Pretty disappointing there are a bunch of risks on the horizon for holding or buying the stock is this period - first the economy - if we tank and a recession is serious, or war escalates, or pandemic escalates again, demand falls. so uncertainty on many levels.
Worst case is project on hold. That's what happened in 2008 to a lot of projects. Granted the financial system isn't crumbling, but borrowing costs and debt financing are a lot more expensive and not as favorable,
Streaming is good, puts a floor on things, helps with financing but why own now with so many milestones ahead. that's why demand for the stock is weak. It's years of waiting for production with uncertain costs and other financial aspects.
Then there's inflation and supply chain delays that could possibly delay start and likely increase costs. If Russia backs off, PD price should drop but its already 2000 or less lately.
Then there's dilution if convertible debt and equity is mandatory, we'll see how much. In January, it would have been ideal. Now not sure.
Copper is holding up, not PD. I guess because vehicle production is held back with chip shortages, but that's easing so when will we see the combined effect of russia + more demand? waiting for that. mining stocks are moving up, genm not so much. GL