@Nuff 69 I'd like to think that Jerko assumed we would be operating at nameplate by now from the guidance of our JV partner. Why else would he have avoided doing a raise when the price was much higher? Hindsight is wonderful at showing us what could have been, and sure if they knew we would've come across the 2ktpa issues in advance, surely he would've raised a safety net of $30M at 60c and been laughing, but hence we're here on pause for now, waiting for the cycle to turn again.
I feel the next pricing cycle will be driven by politics, implementing drastic demand driven changes across the board. China will continue to play their games, but eventually the dam will break. I assume we'll see more volatility as rates come down and big money starts being re-invested (Goldman and the likes will want a better return on their money once rates fall).
I'm happy to remain patient in the red, even if others would try have you believe the sky is falling down.
IMO DYOR etc.
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