RE:RE:RE:New Years ExpectationsI too think that all is agreed and known but is waiting to be signed upon one condition - increase of the reserve!!!
Until after the permit management never brought the matter about the mine life of 17 years. However they started mentioning it now at every interview that they are looking into increasing the reserves.
So my timeline is:
- Q1 reserves announcement (hopefully positive)
- Q2 deal signed and investment decision made
- Drinking all summer and trying to forget this investment once I sell above $4
To back up my claim is the significant shorts that started immediately after Management announced no deal before Q1 - that was an open invitation.
The short position is not covered by the end of the year so they are sure no surprises will happen. The ongoing tree shaking to collect shares, by March probably 50% of the float will have changed hands.