RE:This company I can't believe this price either Sacks48. So much for my $1.90 today. This is .12 cents less than what I paid for my shares so I'm down a lot at the moment.
It's certainly not managements fault, as they have done everything that had been outlined. And us longs aren't dumb. This project is about to become a mine.
Is it possible that a big player, maybe Sibanye, are keeping the price down to take us out?
Everything else suggests it should be higher.
Sacks48 wrote: Management is amazing and are doing a heck of a job . For the share price to go unfortunately this company needs to be bought out. It boggles my mind how a company with an AAA management team, a permit, 1.03 billion npv, 240 million deal and q1 23 construction can be trading at these levels. Either all is long term share holders are dumb or the story isn't being told. But both those are nor true I think most of the comments here indicate that we have smart people here and the company has traveled all over north America telling the story. So what is it. The only thing is unfavorable market conditions, uncertainty on the Capex with inflation and the remainder of financing. All but one being out of management's control. Maybe management's precise execution has convinced Sibayne that thus is worth it and they will either take it out or buy back in with different clause than the original deal. I think that's the most likley scenario but who knows?