because it’s a boring stock which is great imo. If you looking for something super long term then yes, it’s a great stock. Divi probably will only come after stage 2 goes to full production. That might be another 2-3 years. SP will be stagnant for abit as there’s really nothing exciting to update as stage 1 is already close to 100% of stage 1.
for stage 2, we won’t have adequate fund to complete it. It’s either going to be exercise of the options which might not hit th strike price by November and if that’s the case, then a CR will happen to fund stage 2. Not a bad thing as that means there is great demand for our kaolin.
all in all, I think SP will remains in this range for a while but slowly and surely, it will get re-rated at some point. Question is how long can you wait and is there some else worth getting if this gonna take 1-2 years re-rate.
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