Can anyone who understands the current numbers enlighten those of us a bit less knowledgeable?
I had quite a few shares in this company several years prior to the FIrst Nations issue with the lake potential destruction building New Prosperity.
After years of waiting for that premier gold mine to get approval, I rode it down below 50 cents U.S. through the court decision and also Taseko's failed attempt to appease FN with an alternate-lake plan.
With a solid and functional Gibraltar mine and the potential for 2 additional mines in the near future. And the outlook for copper and the "Green Electric Revolution" over the next 10 years, I'm confused why this stock still remains a dollar plus... basically it's been regarded as a penny stock for more than ten years.
What are the real issues holding it down?
Debt? Manipulation? It would seem with the coming cash flows, the debt will be eliminated in the near future... and I think the company indicated that... no further share dilution should be necessary... perhaps even reduced eventually.
I don't think the market gives any value to the ongoing discussions with FN about a New Proserity resolution and how huge that could be if a deal were made.
But even without that, this company has been depressed too long and is not a penny stock, in my opinion. If anything, it's a buyout prospect with huge growth in its future.
I'm interested in hearing what I'm missing... or opinions. Thanks