The mining license will get granted the BFS will be released and off take/JV’s agreed to, it’s a great resource, close to coming to fruition, all of this will be great for the project, however the true value of this project has been eroded away for years due to poor management. This is the most likely cause of the SP being where it is. Faith in managment by the broader investment community has been lost, if you lose faith in managment it doesn’t fill existing or new SH with the confidence to invest and the SP currently reflects this. Even if manipulation was happening, if the project and managment team stood up it wouldn’t hold it down for as long as it has.
I for one don’t want the price being manipulated and would love to see it run, however yesterday was another example of good news doing nothing for the SP.
The value to shareholders will never recover, we may come out with something but it won’t be the true value of this project.
Pika, you’re research is excellent, the content you’re posting is great for all investors, but it’s only part of the story and the other side is anchoring down a great resource.
CAY Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held
