ERX 0.00% 12.0¢ exore resources ltd

The main problem I see here is that the clock is ticking. On...

  1. 1,473 Posts.
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    The main problem I see here is that the clock is ticking. On december 8 there is a "deadline" w.r.t. the mining license. No clue if the Portuguese system is agile enough to resolve the issues before that date. Also no clue on what happens if it is not resolved before that date. All very unclear and the company not helpful in clearing it up for us holders. Anyway, time will tell. IMHO buying in at the 4-5c level may have been good risk/reward level. Now at 8c I am less sure. What will happen to the SP if we loose the battle with Lus and/or what will happen if we win but after December 8. Completely unclear.

    But yes, NVO has several other interesting and exciting areas. But we just spend like 10m$ on drilling Sepeda.....
 
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