Two main issues
First time poster, but I had to chime in.
Bad news is bad news, and we have to go with it when it does come in. That's the nature of stock investing. That being said, two things have big question marks in my mind relative to yesterday's nebulous, almost surreal news release.
1. Information relative to the permitting issue is extremely hazy. What EXACTLY is the problem? I mean, does anyone really know what the permitting problem is with Arizona? If so, please do provide references. Yesterday's NR was almost comical in the level of obfuscation. Essentially: ''our permitting issues with Az are dragging on, so... we decided to cancel the entire project, pack the station wagon and move everything to NM where there MIGHT be some He somewhere. Fingers crossed guys!!! GO DME!!'' In my mind, this move makes NO SENSE unless they see no possible solution to their permitting woes (they might even have had a definite NO to their permit request?), and have laid their rifles on the ground and raised the white flag. Is anyone else thinking the same thing?
2. A month or two ago, they make a NR essentially saying ''all good, everything proceeding according to plan, we're on the right track, dear shareholders, good news to come''. Now, this SEEMs like a patently untrue NR considering what we've been told yesterday. Am I wrong here? I reinvested some money in this company based on that prior NR. Seems to me like I was duped, dare I say lied to... Anyone else feel the same way?
Is there a way for shareholders to DEMAND a special shareholder meeting with management where a Q&A is possible? Sorry for asking possibly neophyte questions, but this is the first time in my investing years that I feel that I have been ''had''...
Thanks.