"In my conclusion - most new supply will fail and although the waiting is killing me CSD has to be the closest to the finish line - we continue to wait for confirmation[.]" so writes theboywonder.
Failure is, and always has been, the norm for explorecos and juniors, eg. Mark Twain has described a mine as "a hole in the ground owned by a liar."
So, then is CSD the real thing? First the commodity, primarily Sn, some Zn and stuff. Share price says, so what. Commodities are hammered across the board by the mighty USD bull run, not economic collapse. (Yes, I know I'm stating the obvious, but this is a two part thesis)
Dixy chart and COTS:
www.mcoscillator.com/learning_center/weekly_chart/commercials_betting_on_big_dollar_downturn/
So, are the oxen wrong? I don't think so. Therefore Sn, et al. are looking bottommy. That's part one.
Musical Interlude:
www.youtube.com/watch?v=I8P80A8vy9I
The moves by the Top Twenty (T20) have been: HOLD. This is some comfort. If nastiness were afoot then there'd be selling -- naturally there'd be good non-CSD specific reasons given by sellers. This implies some integrity to the players involved in current negotiations. If nastiness is involved, with NO selling yet evident then this implies either: T20s are oblivious to negative machinations (sell shareholders out; see bagholder), or savvy T20s have been cajoled into a false CSD worldview akin to unicorns defecating cupcakes, or, finally, everything is progressing in good faith (here, I'm not in the "Lost in Translation" school of thought explaining delays).
Conclusion
I like Sn, especially as there are some nearing dire straits with it. T20 is not a group of jolly pirates and shareholders a collective nubile booty. Therefore, I neither buy more, or sell any. I hold until my wee mind gets hold of some "information" and changes my position, or something better compels me to change (They're out there, so it's close I tell you, ie. weaker and weaker hands.). For now, tbw's line above remains essentially my thought too.
Musical CSD Conclusion edith piaf non je ne regrette rien
OV
PS This is a good board, let's hope it's a reflection of CSD. machinations.
PPS I hate using the word "hope" in connection with an open position.
