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Current SP and any other thoughts, page-4641

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mystikal

1,692 Posts.

826

12/03/20

15:06

Post #: 43452076
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Originally posted by Threadbull: ↑

This stock has always been a good buying opportunity, except for the brief period in which we peaked and value wasn't sustained. And that is the problem.

At some point SP needs to hit a value where the delta between ether PFS NPV or forecasted DFS NPV and MC actually represents value growth.

We are not getting anything from the conductor and yet the choir keeps singing.

Every property and artifact of our deposit has been defined or is well on it's way to being defined. Research is nearly complete. As it should be. Any projects team can manage those deliverables. The internals have been - to an extent - de-risked.

The deliverables of this project that will turn us into a business requires a specialised skill set. These deliverables remain incomplete. And the salaries have been paid to do it.

Unless there has been some serious progress made between now and mid-April in terms of announcements and MC turnaround, you can expect the MC to fall even further with the expectation of a further CR to keep management around to continue to not close the 3 deals required.

-Capital
-Customer
-Mine development contract

I make no apologies for my impatience here. We have not seen the deals required to generate value. I'm concerned we have only done the work for someone else with capital to swoop in and take a well defined project off our hands to execute when the market is right.

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i hope management, is considering cutting costs or at least try to delay as possible for a CR, noone will be paying for a reasonable price for capital raises in this environment.

MLL Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

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