We have another week of tax loss selling. It's very oversold...

We have another week of tax loss selling. It's very oversold already but specs get destroyed in a risk off market. The placments being underwater almost immediately put significantly more downward pressure on the shareprice as there was no incentive for them to stay around. As for bottom picking, I think we must be close but I wouldn't rule out it getting as low as .285.

The biggest risk I see is delays and cost blow outs. Delays I'm not too concerned as I think first pour this year is unlikely. Capex inflation is a concern though. If they have to raise again at this pitiful shareprice the dilution will be painful. There is a lot of insider ownership so I imagine they will try to avoid that if possible.