If you don't mind an outsider's view...
The other day I asked the question as to why the general view on this forum seemed to be that the SP would rise to around $1 after release of the DFS, since I personally couldn't see it happening in a hurry. I find that when these documents are released they often serve to highlight some stark realities (after the exciting exploration phase), such as the length of time before positive cashflow and the need for a large share dilution to help fund development. In this case about three years and about 160M new shares if @ 50c. Someone quoted the case of ALK's SP dipping after a DFS, before then rising strongly; however, this may not be the best comparison since ALK is coated with the magic stardust of rare earth elements. But I must say that after studying your DFS report I thought the numbers sounded pretty robust as a whole.
One final thought...
Late last week there was a lot of discussion about a couple of big sells at 50c and 52c. As the general feeling seems to be a little disappointment in the DFS, is it possible these sellers had some advance knowledge of its content, and anticipated the SP fall to come? Food for thought.
Good luck anyway.
Add to My Watchlist
What is My Watchlist?