I like your thinking but there are a couple of things i do not quiet agree with.
the $229m in the bank is a result of the CR i fell.
We are still paying off debt with any profit it looks like too me which is fine and good policy.
Country risk has always been there and will not go away.
Hence i was surprised at the tee up with AL. But they have some stuff going on outside of Argentina as well. Not sure how progressive they are on that front?
Would of though it would be nice to derisk a bit more out of Argentina and hardrock even.
Oh well let it run and the country risk could swing either way. but in the long run i believe it should be positive for us.
You mentioned another CR???!!!?? Ahhhh!!! not another one after the one we did not need??? LOL.
Did they not mention they were well under way of construction somewhere.? Can't see it now but i was sure they said this?
Short sellers don't need stock they just borrow it.
But they do need liquidity.
That is why you see the very constant volume traded each day.
Shorters selling to themselves.
ORE has a fairly stable register so @2m or $8mil traded each day it is just the big players moving the price around at there will. The SP is hardly reflective of anything ORE is doing good or bad.
This will need to sort itself over years like 2-5 i am thinking.
Maybe the Tax will be lifted by then. Haha.
ORE Price at posting:
$3.55 Sentiment: Hold Disclosure: Held