Luke called me back the other day. A few takeaways from the 12 minute chat. -I liked and trusted him. -I learned a great deal that you all should know (and I td him it's dissapointing I have had to learn this stuff on the phone). -they are very unhappy with how things have ended up. -The lithium at shaw river has access issues that have made approvals hard... not sure how this can go much further if drill approvals are so tricks. -he mentioned an aquisition in the area that will have better access??? --They will have Austrian drill permits after winter, nothing to happen there any time soon, but after winter they are very excited to drill up against EUR boundary. Has been tricky there too. -he mentioned the EUR deal is legit, and there was $80 mil in work done there a long time ago... ready to mine. -They are very excited about the copper too, but nothing will be happening there any time soon. -Didn't talk much about tin (as I know very little). He certainly wasn't pumped in regards to tin. -excited about Marocco.
My general take away being other than a tin surprise, or the shaw river aquisition going through and exciting the market (ha), there is very little that will stop the bleeding any time soon, but long term I have strong belief in this one. As I believe a good rally is starting, I feel my returns will be much better elsewhere for the next 6 months, but as the price is 1.8c, I will be ready for a little bouncing to sell into. Maybe EUR is worth a look.
What sort of person comes to a company they dont own, and celebrate the pain shareholders are feeling?
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