I was expecting to see at least 20-30 "I told you so" today. Might go well past that.
We saw photos of some initial earthworks a while back.
By next week they will have the cash commitment from the cr to pay for the roads and concrete which were scheduled to start by next week.
This cr keeps the project on schedule or at least close to on schedule, with a level of dilution that will be low enough to make it very well worthwhile for the benefit of sticking to schedule and reaching first production later this year. Delaying the project even by just another few months could have been far worse for the sp than a modest cr.
Some smaller holders will be pissed off enough to sell. Some sophs will take profit from the cr. Short term the sp will probably dip but others will buy into that due to the start of construction, removal of most of the funding risk and a big reduction in the risk of further delays.
Short term pain for those that worry about the short term volatility but the majority of the upside into year end remains no matter how much one poster here persists that reasonable sp forecasts based on the economics of the project are supposedly ramping.
He can claim that as many times as he likes. It won't change the outcome. It might just worry some small holders out of their holding early.
They should be doing their own research anyway.
