DLI all over again, they are just tying up the talent and not really interested in developing the asset any time soon. They are just making sure they have ore to move to if and when they are ready.
This really sucks, as soon as a project starts to look the goods these billionaires come in with their blocking stakes and do nothing with it. The capital needed to get from where we are to mining is enormous and they are in the box seat to make sure it goes at their pace.
Sold out yesterday at 82 but wasn't happy to be honest, since the DLI purchase DLI has gone from mid 90's to mid 50's they have gold also, so I expect the same here. It is just how the game is played, at the moment I don't like the game, most retail are just too small to make a difference...
WC8 Price at posting:
70.5¢ Sentiment: Hold Disclosure: Not Held
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