RE:Insiders The risk of CRE turning into NMX is low, my issue is mainly with management as I don't think their interest is aligned with the shareholders for example.
JSL said he wants to build a mine, Haber said in his interview that they want to build the mine so if they need to wait a year or 3 to get there it's fine with them. But how many of you can bury so much capital here? Stock price will be destroyed as evident now with each month passing by.
I encourage everyone to listen to Haber's interview particularly after 20min mark. He does talk about a possible plan at that time (Oct 2022).
He said they want to fund Rose and go ASAP to production and with the profits to fund different projects within the land package they have. He listed the steps - permit, financing and long lead items and permit being the one holding them up.
Seems that whoever they talked to doesn't want to invest only in Rose but probably the entire company and that's why they need to increase Rose mine life in order to sign a deal as they might not want to give a piece of the entire company.
So management knew they wouldn't make deal anytime soon but kept feeding BS to all of us. Pay attention to the main long lead item identified by Haber, and compare it to what CRE said they bought... it is clear that the construction is delayed and not by few months but why CRE just doesn't come out and say what they are looking for is beyond me