Christmas panicThe options are at 48 cents each - 400000. Not sure why they are worth 200000 yet as Buffet explains, but I hope they will be one time.
I think the company is workiing at least in comparison to the old Candente. Just got an investor invite to discuss the project with management 1:1. So at this level they are definitely activie.
The presentation is also much more professional than before.
Also the hiring of a local geologist and project manager makes sense, being represented also at the board level is an an excellent move imho.
The resistance of the local population is not new and I found it unfortunate that according to the information in the video a vote has been casted already, as it will complicate further discussions. I would like to point out however that 2025 is not like 2011. At the local level, Humalla and his friends were in power triggering problems left and right with organised groups moving around the country to steer up violent protests. The Yanaccocha/Conga controversy was just next door and although a completely different ball game affected the opinion of the Canaris people. Despite that a little exploerer was lost in moving forward with investors throwing in the towel.
There are significant differences today. I hope Allta/Fortescue understands the sensitivity while at the same time takes up the opportunity of today, with project support from a variety of stakeholders.
I have been with Candente /Alta since its beginning. I made good money in the early 2000s and have started to invest again since 2015 slowly picking up stocks when it tips - I also haven been a buyer in recent weeks. GLTA