Strauss, I'd be cool with that, but from observing the events, or lack of, over at NDO / KIK, I question how long BLADE / VIKING would drag the chain to bring Cadlao online.
The VIKING / NDO / KIK JVs are moving at glacial speed and the NDO / KIK holders are pulling their hair out.
I also question the capacity of BLADE to provide $$$ compensation to RAI in a timely manner.
Further, RAI has invested heavily in Cadlao, if they get just a dollar for dollar rebate from BLADE they lose the upside created from de-risking the project and moving it forward... ya know, the 6-7 mil could have been put to work elsewhere to bear fruit on other projects.
Do agree, @ 2.5c , there is little downside. I'm happy with this one, I keep loading up, and have averaged down under 2.8c now.
RAI Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held