RE:RE:Detailed engineeringAm going to again promote Haber's interview from last year fo all to listen. Links were posted here and I reposted them recently. He said they were looking to finance Rose only and with profits from Rose to advance other potential deposits. So probably no one wanted to finance Rose only due to smaller deposit and they wanted piece of the entire company to which JSL said no..?? We will never know but that's the reason behind me keep repeating this for a year now that there will be no deal until deposit is increased. So if that speculation is correct JSL is in no hurry to complete engineering, in no hurry to actually buy long lead equipment (Haber specifically noted ball mill as the must buy item not transformers) as they do not have the drilling complete yet. Based on the NRs and interviews they must have started in September so no news until Q1'24.
Hence I sold everything as if my analysis is correct, management knew they are not making deal any time soon but keep feeding us BS and I don't want to see my money dwindling.
Should be evident to all that there is a reason for this delay in financing that management is not transparent about. The BS that negotiation are complex and 3D chess references cannot hold after a year and deals announced by other in the sector.
CRE management should come out state the facts, lay out the plan and move one. The road of being vague and we are continuing to negotiate will lead to further deterioration of the stock