RE:RE:RE:RE:RE:RE:RE:RE:Their Co forcast (surplus past 2027) is v depressing.... Okay thank you for clearing things up. I don't think this q is a complete bust. There's still $40M waiting to be distributed from MOA.
US politics can go either way. And I agree that what happens to Cuba and the HelmsBurton act have a negative impact.
I still think stock is undervalued. I'm not in at a loss so I don't feel as gloomy. I'm looking to exit at $1.50 to $2.00. If the stock never appreciates to that but the company outlook and balance sheet keeps improving then I stick around and see. Eventually the company will be able to return to shareholders and the investment may pay itself in dividends even if the stock price remains at current.
Don't be so focussed on what the market says something is worth. What you think it's worth is far more important. If it's less than current then sell and seek greener pastures. If it's more then hang on and enjoy the ride. If the stress is sending you to an early grave then reevaluate your investing strategy and maybe high risk volatile company isn't for you.
Never mind always sunshine. What do you think? I do think the company did well this q. Cash is up, we have $40M sitting at MOA. We have more cobalt to sell. Yes debt went up as well by $30M but thats them using their revolving credit to pay the bills. Likely they will keep trying to pay back debt for as cheaply as possible. If that's the case the strategy is to keep the company looking weak so they can buy back bonds cheap.