Mule, there were three comments in the announcement that used the phrase,"...near term..". When a company puts a case to prospective JV's or financiers a few more people are privy to information the public don't get to see. I think someone must like what they see.
Of course our own DD tells us the scale of the ground they hold for lithium, precious metals and molybdenum is huge and they have tied up everything around them with a diversity if mineral rights creating a fortress - and this has been offered at shell company prices! Many of us have jumped in seeing the disparity with fundamental value. I was initially attracted by the strategic thinking of management who know how to play the game because they have a background in finance as well as hands on experience. Rare combination.
Being on the East Coast, maybe its gone under the radar of some west coast market makers who always want to attract capital to their projects, many of which I am in. It may well have been marked up for the sophs who took up the shortfall to get a free feed and to have them on board again when things get serious. Anyway a few of us are in at cheap prices for core holdings even long before the capital raise and can weather any shenanigans of recent arrivals. Sure to fluctuate and will trade small parcels to reduce costs. Agree with Valvesound about the options. Excess supply at the moment and had a top up. Won't get cheaper with any news.
I made a comment a few months ago how bad the season has been - cold, wet, snow etc. They were justifiably delayed with their sampling program which is getting underway now. Sure to be an action plan and steady news flow. Can't get "near term" out of my head. David.
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