TH is a clever move by the management. Spektrum has been...

TH is a clever move by the management.

Spektrum has been assessing the Washington mine last few months and is in an agreement which gives Spektrum the option to purchase. The signs were very promising so far and they were due to make a decision this week (whether to go ahead with the purchase, signs indicated they were going to).

However the fires affected the area, the mine is currently in an evacuation zone (I think), therefore management submitted a request last week for an extension to the "decision to purchase" deadline.

The TH was as expected, my guess is it will be in place until fire is under control and mine site is accessible. Well played, until they know whether the mine is still worth the purchase, or maybe to negotiate a better deal.

In short: Spektrum does not currently "own" the mine that is affected by the fire, only paid for 3 months to do due diligence work on it.

All IMHO. Always DYOR. GLTAH.