"There's no use trying,' 2ic laughed. "VXR at 80c with 900M SOI, another $10M to drill out SS to Probable Reserve, so they can finally become bankable by the end of 2022 after years of pretending otherwise, one can't believe impossible things.".... "I daresay you haven't had much practice,' said Billy, 'When I was your age, I always did it for half-an-hour a day. Why, sometimes I've believed as many as six impossible things before breakfast."
Seems we're living in an Alice in Wonderland market, cult of personality market in any case. Shares pushed down from 15c to 10c in Jan before half the company was handed over to Billy et al at a ~11c average, so the new plan of spending a fortune to bring the resource, DFS, permitting etc up to snuff over two years during which the capex and probably opex is blowing out.... and the MC jumps from $40M to $700M seemed impossible.
2 years to rehash DFS and funding is "a pace that will make 99% of ASX juniors look like they are being run by Alaskan mango farmers"?
How is a US SPAC Billy's consulting to going to TO VXR without being a huge conflict of interest?
How is Billy going to acquire anything to grow a diversified EV juggernaut when all projects are asking SPAC like numbers to deal?
How does 'Rebranding' add anything to a stock overhyped to a point Elon Musk would be blushing?
Inferred drill outs (and exploration) are a two edged sword.. nobody has considered infill downgrades instead of upgrades the patchy ore at depth?
BB's stocks only go up, breakout to new highs imminent, even though price keeps getting rejected at resistance going back to June?
Meanwhile, punters keep chasing every announcement like the White Rabbit... "Oh dear! Oh dear! I shall be too late!"
Just a bit of fun this morning, good luck (you'll need it).
