Not much action these days
posted on
Jun 03, 2014 05:00PM
Focusing on the Dallol Potash Project in Ethiopia
No news and the SP stuck in a tight range, I don`t think financing news are imminent if Farhad said end of the year/early next I believe that´s the best case scenario, or could it be a new tactic to lower expectations that financing is imminent as we have been led to believe during the last 1½ years, in every interview and timeline presentation the financing has been just around the corner until now, maybe they are for the first time being realistic about the issue.
I hope I´m wrong no one would be happier, but on the other hand I could wait for another 6 month too, after that though my patience and confidence may start to erode, if things are really going as planned, those potential lenders/financiers should be done with their DD by then, right? There must be limits how much those numbers and figures could be tossed and turned , either they go ahead or they don`t, that shouldn`t take years to come to that conclusion.
Of course I´m naive and don`t have a clue how complicated this things are, but come on I have been waiting for years now and I´m afraid the rest of the year will be just as dull as watching paint dry.
Luckily we have this board to hang out at until then...
I told myself IF we revisits the low 30`s or below I will be a buyer again, so lets let the flipper/trader bunch do their thing so the rest of us longs can pick up some dirt cheap shares, because I do think the Israelites have substantially derisked this project for us, the question is how much will they let us have of that pie in the end ?
But thats a latter question first focus (and wait) on financing.
Chreca