Post by
Myrty1 on Oct 07, 2023 7:28am
My gut feeling
I know, who gives a toot, but here's how I see it play out for the next little bit.
I feel like Tim and Jim Wallis would have had a bit of a heads-up as to this extra bit of work needing to be done. Add in, maybe Tim slow plays the new release, and they already have the engineering company working on the annex. Otherwise everything moves way too slowly in their world. The changes to the Elaborate would seem to favour BONE's well being in the long run, so I don't see the Serbian side doing this to hurt our efforts. I think from the "Independant" Board's perspective, they want accuracy and to state the facts in a scholarly way. They will simply want to keep their prestigious positions and to move forward accurate findings. Any fast tracking could look Industry friendly and smell of bribe money too. I think this hasn't been a bad thing, just not sure why it took half a year to get to this point. Maybe the 3,500 page read??
So hopefully we have all the info, our outside engineering company has been working on it already and hammers the annex off in short order. The review committee signs off inside of a week and we are the bell of the ball at the CANSEE conference! Tim says, let's revise our PEA too for real marketing sake. Not long after CANSEE we get a quick stamp of approval from the Mining Ministry and we have a licence in hand. Tim says we have plenty of working capital for time being and no need for PP's any time soon. Investors have to buy on the open market! Stock price goes up! Everyone notices. Update PEA comes out, everyone notices. Tim announces starting work in Step 3 and hints at a partnership deal with one of his BS offtakers or Corporate giants who want a stable source. We keep rocketing. 5E Material and ETI Matin fight over it. We sell out for $1.55/share.
OK, I got too excited. I feel like it is all building to CANSEE so mayne we see the Certificate then and the minister announces we have submitted documents for a mining licence. Lots of applauding. Maybe end of November we get it. We get of to .30 with selling pressure from Warrant holders taking profits along the way. Warrant revenue keep us going, Tim announces Step 3 start and updated PEA expected shortly. If there ever was some real interested investors and the real Osmose hanging around, time to jump in. If not, we just keep pushing forward in jerky fashion. Hmm, I guess just like I said earlier in a more realistic real life way.
My point being, what else can happen. We just keep pushing forward, Step 1, Step 2, then Step 3. Hopefully we get some help along the way to keep the momentum going. The market has to value to gains eventually. Hopefully someone steps up to buy us as I don't think Tim really gets out and sells. He goes on Podcasts from Venice or Rome and waits by the phone. One of these days that phone should ring though.
Enjoy the Turkey and family time my friends.
Comment by
ListenandLearn on Oct 07, 2023 11:07am
Myrty, Don't forget that Osmose has 1 month after the completion of the FS (i.e September 25th) to fork over some $ or the terms of the LOI are breached. "....Euro10,000,000 within 30 days of Erin’s completion of a Serbian-compliant feasibility study, in return for a 20% undivided interest in Balkan Gold". Let's see what happens...
Comment by
Shamrock58 on Oct 07, 2023 3:16pm
Hopefully the influx of cash raises the SP enough to offset the 20% loss of property ownership .
Comment by
Shamrock58 on Oct 08, 2023 10:30am
In my uninformed opinion I think BONE is waiting for one of two options . Either a buyout once the license is in place or a better deal to get this done. TD has mentioned BONE is keeping their options open until a deal is completed. I may be too assumptive on the buyout but I think I am correct on the partial sale of the property. GLTA
Comment by
ListenandLearn on Oct 08, 2023 11:15am
That would be the way to play it. Do not go into any deal until the exploitation license is granted. BONE will be in a much better bargaining position once that is done.