The wait !!I guess we can all speculate on the recent activity with our SP.
The simplified version is that there are quite a few sellers ready to cash in part or all of their position around the 2.30 mark.
And here is the deal, if you want to let go of an sizable amount then you have to go lower a few cents. So best way to sell the portion you have in mind is to go with smaller amounts. And that drags it on.
On the buying side, with a bit of patience, you can get shares between 2.25 and 2.30.
Our management has purposely or inavertently set up this scenario by stating that they are not in a hurry to sign any deal and this "could" take a while.
The sense of urgency has been dampered by just a few words.
JSL and the management team are quite the opposite of a used car salesman.
So even if most investors believe CRE is worth more now after the permit, they also see that they can take their time and pickup the amount of shares they want at todays undervalued prices.
This post is not intended to be a rant, but is rather my actual disappointed sentiment of being pushed back (again) a few months.
In the end, I am sort of hoping now for a takeover bid at 4 or 5 bucks and put and end to all this endless wait.
And this, even if I know that the SP could be in the 10 dollar range within a year or two.