Ann: Procurement of Long Lead Items for the Great White Project, page-73

A broken clock is right twice a day. People that post porn and vulgarities, mock others losses, and resort to creating mock ADN twitter accounts can never be taken seriously. The shorters got lucky, that’s all.

This announcement is terrible.

I sold when I lost trust in mgt when the DFS was released. I imagine many more will have lost trust now.

Where are all the banks promising finance? Where are all the companies knocking on the door for offtakes? Was this all BS?

On very ROUGH calcs, I put the 50kt annual production as worth ~$140M mkt cap, assuming a pe ratio of 10. But they aren’t yet in production, so I’d only value that at 20% at absolute best. I’d consider buying again at a mkt cap of $10M, but only a very small parcel – as it would be gambling this isn’t a lifestyle company, which, IMHO all evidence suggests is true.I’m deeply disappointed for current holders, and deeply disappointed in mgt. IMHO, they have squandered the goodwill of mum and dad investors willing to support innovation.