Ah, patmad. You mock the Sunk Cost Fallacy at your own peril. And I bet you are a fan of "averaging down".
Tell me, are you still holding shares (now 9 cents) after they recently peaked at 25 cents? No, don't, that is your business.
If you are, I suggest that you are suffering with this malaise.
I expect that you can't accept the fact that you have made a bad decision and console yourself by saying "Oh well, I have done much of my doe, but it might come good." Still in denial, however.
Be comforted with the fact that you are not alone in your leaky boat full of investors with the same sickness.
Things have to happen real soon, so it's debatable as to whether or not a decent escape plan, if things go wrong, would be viable.
From Cheyene"s earlier post.
I would hope, that after the con notes are issued (assuming this is the route they go), they will have the BFS and major project funding sorted within months, with the option to pay the con notes + interest back in cash (drafted into the agreement).
Now take this on board and let it sink in. IMO, if this scenario or something very similar does not play out, then shareholders' worth might be seriously comprised.
The only thing I believe is unusual about this project is that,
1. It is using carbon intensive syngas.
2. It is using a relatively new and perhaps not fully accepted gasification process.
3. It will have a heavy reliance on CCS (relatively expensive, new and perhaps not fully understood process) to ensure a clean production process having all carbon, other than that in the urea, sequestrated.
4. It will be competing with natural gas (less carbon).
5. It will be competing with clean hydrogen process and product (no carbon).
6. It is a mega project and needs billions of dollars of funding.
I the above scenario does not play out, NRZ could find itself under new management by virtue of Takeover or Administration. I doubt if mothballing is an option.
If this were to happen it would be like a bolt out of the blue, no time for evasive action.
The BOD has a large stake in this company and will be working tirelessly to prevent its collapse. Give them a break. I would be surprised if anyone, other than someone with a mint of money behind them, would do any better.
Remember, the health and survival of company is paramount. You are only a shareholder.
However, I sometimes wonder about the value of some of the senior members and their connections.
The BOD's view of a TO? Well, that remains to be seen.
Your destiny is in your hands. padmad.
Just my opinion. J L.
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