Very sad stories, and I do feel sorry for long term...

Very sad stories, and I do feel sorry for long term holders.

Duicorp, I must agree your KIM scenario may well play out. However, that will be a long while later, after most CR money is used out, and production is not improved. At the moment, the company is flooded with cash, knocking the sp down and taking it over well below CR price will be a HR disaster to RIO. After all, era is not a little company. Yes RIO may be either too smart or too big to care, you never know, RIO itself may need CR if market conditions tank.

I am not saying that sp cannot go lower, in fact, I believe sp will go much lower if general market conditions deteriorate. Even that happens, era will hold much better than those need to raise cash in rainy days.

Looking to take long term positions in May or June at the peak of tax loss sells. Before that I will be a trader.