RE:RE:RE:FYI...spoke with Katie at the company... Hmm. Thanks for reply.
Walter is a really good stick-hanler - nothing occurs without a reason. While I was like-wise a bit surprised at the purshase of the start-up stock - he obviously sees something/knows something that we don't, Gets the company a seat at the table. Walter is not in the business to lose money...roll with that.
The Appeal was not fruitless - it could have gone either way...and still might. We just can't be getting our knickers in a twist about it.
I am not so sure about how this decision will affect financing...looks pretty good even without it, wouldn't you agree? looked at another way, the fact that it might be lurking in the shadows like an unloved daughter only gives strength to the family. And this family, the SKE family is already strong without this "icing".
I am not fine with being called passive. This is my second biggest holding - and I take this seriously. FYI - a copy of your rant was already sent on to the appropriate destination. I guess we will see if it merits a reply. I am not concerned. These guys are well ahead of us!
el d
metalhead666 wrote: I don't disagree that there is no urgency. In fact it has no influence on the current economics of the project as presented in the feasibility study. However...the company is pursuing financing.....had they resolved this our share price and market cap would be significantly higher. A higher share price means less dilution with the equity portion of any fnancing. So not resolving this and instead dragging it out does have a material impact on upcoming financing. It also speaks to the mis management of several things starting with the dilutive under market price of the last offering, the spending of a million on a start up explorers stock, and more of our money being wasted on a fruitless appeal.
If you're fine with all of that good for you....I'm not. Nor am I happy with the lack of explanation as to why they've made the moves they've made. If you like being passive then fine...I don't