It's not the 4 months that's the issue here.
It's that there doesn't seem to be an end in sight. Of couse there is upside risk but there is also the same downside risk.
I'd rather sit on the sidelines and get back in when the company actually has a tangible coal assets. Particularly since the directors have written options at 20 which kind of makes me wonder when the upside will be capped so as to allow the "sophisticated investors" who can "take the company to the next level" to get on board.
So I might miss out on the move from 16-low mid 20's but even that would be a good entry when RBSA and upgrade occurs. Considering the downside risk (RBSA doesn't grant and or the process continues to drag on) I think its a risk reward thing, which to me says sell at least some.
My 2c
CDS
comdek limited.
