RE:RE:Summit CoalI forgot to mention that Valory is on the clock to get this approved as their call option to purchase this expires in February 2025. It is of course possible that they could extend the call option agreement.
The key potential catalysts (not in order of magnitue):
- Valory exercises the call option and Maxim can clearly articulate the economic value associated to the market.
- Advancement (or not) of the Prairie Lights project
- Refinancing of Maxim's debt
- Corporate Action (Sale/Privitziation of the Company, Special Dividend, etc.)
The timeline for these events (in my opinion) are now measured in months rather than years.
Price will vary with power prices but ultimately we are looking for one or a series of these catalysts to have any movement in the price as this is too small of an opportunity for any major institution to participate (low market cap, low public float, high insider ownership).
LR