Like most of us I have been wondering why the sp is not appreciating to reflect some semblence of the value in the company. After reading the article on mine site that Asxgun referred to in his post, I am convinced that all institutions are staying out until the last bureaucratic hurdle is removed. The mine site being adjacent to a World Heritage park is clearly scaring people.
The CEO is confident (certain) that final approval is a given and that it has to occur within the next four weeks. This final approval may see an immediate rerating of the stock as institutions and the tip sheets move in.
I am impressed with the way the sp has held on throughout the recent turmoil, even managing a small rise yesterday. This may be indicative that the approval is close.
Regardless I hope the company holds of on any capital raising until after the stock has been rerated.
Regards,
Pagarsi
to gun club members
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