LOL. Absolutely. This isn't a story of delays in approvals, etc. The optimisation study didn't stack up (I did some analysis in another post and it had negative DCF) - they probably don't want it approved as that means they then need to show more numbers. It's the old miners saying of, oh sh1t, we actually have a mine. You then switch from telling great stories, with nice pics over beers and golf tees to actually having to talk to bankers and equity research analysts.
You're doing it right Pirate. Trade these crapstocks. Everyone wants a short cut, everyone wants a 10x so they just keep lining up and you just trade the spread.
I keep coming back to the stock as it intrigues me - they have a lot of money and a basket case asset. Sending a drill rig off elsewhere may honestly be best idea they have.. it'll be binomial. They'll spend their dough and hit nothing or they'll jag lithium or gold and it'll go to the moon. Saying that, an standalone explorer would be worth a lot less than $100m at this point in the cycle. You're not getting a 10x on $129m market cap. Maybe 2 or 3x and that's probably not enough blue sky for me to be interested in an exploration play.
I'd almost recommend the company shifts to Crypto and releases a silver sh1tcoin called Bowdens. Closest that project will come to selling anything. ;-)
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