RE:Allthewaydown, Steak & Lobster on company platinum cardinterest rates rocketing, recession fears swirling, JPMC just took a 1.1 B loan loss provision dropping earnings by 28%.
Access to capital has gotten much more difficult. FL
still has a world class resource (quantity and quality of rock) but access to a billion dollars to develop it will be more difficult. And the chance that someone (big miner or private capital) will grab it relatively cheap are maybe seeming higher. What may be holding them back (and pushing them down) is the realization that they have little cash and will have no revenues for a long time. And that might not be best heading into a stormy financial time.