something aint right
getting nervous about this..... nothing ever goes up in a straight line, but c'mon man! shouldnt we be going up?
hindsight says the PP was a disaster and a joke. why do we need the raise right now!? we dont! and the fact that we now have ruffly half of the PP short means we dont need these dirtbags. anyone going short on this is actively against my/our interests. do we really need someone like that "on our team".
market seems to have absorbed that 1/2 pretty well, but there is still another 2.5M shares left to be shorted...if not already done...
and, if they're indeed holding the PEA b/c they wanted to get the PP closed, brickbats to those decision makers. if the PEA is gonna be done, and is expected to bump us up, get er dun already!!! raise coulda been done after the fact. so they stepped on the SP to give these a-holes time to short? eff them. and eff mgmnt if thats whats going on. who's the sweetheart deal for? some potential suitor? deep pockets to help finance a mine? whats up!?!?!
dirty.......about as dirty as the drop from the mid-4's...alll over again? better not be!
looks like i need to revisit my expectations of PEA effect....
so if we have ~20M in the bank, and are proceeding w/ some pre-production construction, we've raised maybe 20% of the 100M CAPEX needed? so well on our way? looks like the buyout talks are maybe stalled, or we're getting strong armed at the negotiating table, hence the raise?
while this may have been a no-brainer, the SP aint reacting like it... what forces me to ask: what am i missing? lots of good salt, easily mineable, cash cow, PEA imminent...
the other thing that bothers me was that they were saying the drilling had NOTHING to due w/ resource estimates. i think that was in the interviews. but the NR said it was "Current drilling will upgrade the classification of the Inferred salt resource in the area of the proposed mining."
i dont like contradictions and i feel like this is indeed a contradiction! splitting hairs, but they seem to be contradicting themselves: about drilling, about results, about purpose, splitting PEA/FS, kicking the can down the road multiple times...
"management" is rowland. VUL can hardly be called a raging success (even w/ alllll the irons in the fire).
SP don't lie, and its been trending in the wrong direction for MONTHS now.
and the TPR "delay"? really? 4 freaking months? that's either criminal or completely inept. which one is it?
now we have 2 stocks/companies, 1 of which isn't trading, and no end in sight, and the other reeking of games...
WTF?