Actually the last expansion saw a significant rise in price. It was only after the fact that things started to fall apart when it became apparent phase 2 was not producing as planned. I expect to see a similar trajectory this time around but fingers crossed the lessons learned, increased expansion spend and new partners on board will mean it works out better this time around. One thing i will say about managment is they have been at this 10 years now. After so much disappointment, if they didn't see a light at the end of the tunnel and genuinely believe they could pull this off, surely they would have thrown in the towel by now. I think they are getting close and theyve obviously made a convincing enough case that someone is willing to give them $10million.
IOR Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held
