Ok, I'll bite - but only to provide balance to your continuing glass half empty view, and I acknowledge that I am a glass half full kind of guy - so take my comments as such and place as much or as little weight on them as you wish.
You say that the quarterly did not move the price "one scintilla" - while the closing price was 1.3 cents, the VWAP for the day was 1.44 cents - and if you look at all the small trades at 1.3 cents made today for a literally a dollar or two worth of shares, it would look like some one is wanting the closing price to stay at 1.3 cents. I acknowledge that the volume was not significant, but there are not currently many shares on offer for volume to be significant.
You say the dry process did not cut it - but I read it as the initial test work completed was successful (so dry grinding is more than a theory) and the process warrants advanced pilot scale test work to further de-risk and confirm the viability to a higher level of confidence.
You say that because there is new potential investors, the others came to nothing. I read it as the Strategic Investors that were there before, were put on hold while Tom Revy proves his ideas to de-risk and add value and confidence in the project. Those Strategic Investors that were there before are still there because the project is looking even better. They would also be gaining confidence in management who have been saying "we think this is achievable, we will demonstrate this by doing X" and then doing what they say and within a tight budget. My confidence in management is growing (in particular in Tom with what he is achieving for us).
I read the comments as there being increasing interest in Hawsons, and not just "Oh, that sounds like an interesting investment, put us on your mailing list" but more like "can we sign a non-disclosure agreement and have some more formal discussions because we want to take a serious look at investing" (my take on what a "formal approach" could mean)..
I think there is lots to like in the quarterly, but acknowledge that if anyone goes looking for risks or negatives in a junior resource stock, they will always be able to find some. If anyone thinks the risks are too great, then they should invest their money elsewhere.
In looking to the future, I am interested to see what information will be released from the Project Study which is noted as being "expected to be finalised shortly", just not sure how long we will need to wait for "shortly", but would like to think it will be sometime sooner than later in this quarter.
The large scale pilot plant trial is on target for completion this quarter, so sometime pre 30 June means we will not need to wait long before there is higher confidence in the dry grinding process and all the benefits that will bring (reduced capital and operating costs, higher project NPV, permitting, de-risking etc).
Expand
(20min delay)