Integra Resources Corp ITRG

Bottom line #2

[deepthinker63]

They did the PFS.  It was a dud.  There's not much that can be done to change it, other than maybe get up to 200K per day over the next 3 years, but at the cost of much dilution.  Plus, all the permitting pain, irritable shareholders, etc.  If they can get out now at a price they don't consider totally egregious, I think they're done.

[deepthinker63]

Per year.  

[metalhead666]

Worse still is that all future fund raises will be done at lower prices thus being ever more dilutive.  Debt costs are rising, costruction costs are rising....the best option for them is to hang a for sale sign by the road and be done with it. If there's a big market sell off which seems more and more likely ITRG will be hitting many more lows.  Move on. There's nothing here

[andre171]

Before the PFS, you were 100% optimistic. Now you are totally negative about ITRG. We can say that you are not in the nuance!

[deepthinker63]

He's done the exact same thing with other companies.  See Excelsior Mining.  It's his MO.  He's long until he's short.

[metalhead666]

I was right about Excellsior wasn't I?  I got out before losing my shirt.  Same here. But that doesn't mean I jump to shorting.  I just won't dig my heels in and insist that I'm right and the market wrong.  I cut losses and mistakes very short and only bet money on things I can maintain conviction in.  This isn't one of them now

[metalhead666]

When things change I change my mind. What do you do?  The worst mistake anyone can ever make is to insist that they're still right and the market is wrong.