You seem to forget the most relevant reading material of the day...the manner in which the tree was pumped,,,held,,,then had the carpet pulled.
Pumped and dumped.
It remains an extremely high risk spec stock with plenty of behind the scenes leakage and game playing.
All this talk of derisk is laughable.
If it is relatively derisked as all the rampers make it out to be,, then pay the CEO and directors in incentive based options instead of cash burn.
If the story is that good,,, surely they would rather be payed in something better than mere dollars !
If it is so relatively derisked,, then where are the exec directors with time, expertise, and skin in the story ?
The simple observation is,,,,there are none..
The simple insto rule is,,,,no exec directors,,,no insto investment...
It's all looking very smoky and reflective until such time as there is something materially feasible to study.
It's all nice and fluffy to see that tincom have a licence to go fish in Oz,,,but what has Oz confirmed ??
I wouldn't get carried away this decade price rampers.
Meanwhile enjoy the pumps and endure the dumps.
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