Figure at least a couple of us need to send some mail
Here is my latest mea culpa
Andy, the story remains, this is a very focused short attack and with MM’s playing along
Nearly 70% of the issued is solidly in the hands of insiders and longs
All of the share price activity is revolving around a very small portion of the float
The engineering report, that we had been waiting over a year for, was prepared, for delivery, as specified, by our back-in partner, Teck
The marching order was deliver an analysis that shows us the worst case imaginable project for this property is profitable
That report was tailored for the probable buy out partner, and satisfied the pre-set criteria
By design and specification, the BFS showed a property barely economic
Some folks who should, and probably do know better, spooked the market, blogged a couple of articles and advised their readers , bail out while you can, or short even
This is a project that does require a bit more in depth DD
We could be looking at a short trap soon as the report that Teck ordered should be delivered to them in a mater of days
None of the folks I communicate with think there is chance in hell that Teck will not snap this up ASAP
But it hasn’t happened yet, and won’t until they receive the report, the very delivery of which will trigger some positive actions on Tecks part, including delivering shares in an entity that will provide for a multimillion dollar a year income stream, in perpetuity, on production from this mine
...we are literally hanging in the wind
OK, speech over
I absolutely believe what I just wrote, and have been immersed in this thing, literally with my life savings for a while now
I have spent a couple of years trying to figure out what the catch is...it seemed that good
I think it is solid
