What timing....good one Trader Dad. Funnything.... VMS came out with something as well
Predictable or what.
General questions....
1. Was this the News we were expecting
2. Is this the reactions we were expecting
3. Approx. when and what will be in the next NR.
My concern here is that all I have every heard from IR and anyone long on this stock is BUY OUT. $1-$1.50/lb in the ground...3.50$ a share for half the company on the back of a napkin from the chinese etc. etc.
They have to operate as if they are going to bring this to production...but we all know this is not what they want. It seems everyone who owns this stock has been conditioned to beleive there is going to be a BUY OUT.
These guys are proving up and acting like they are going to mine this while always looking over their shoulder for the BUY OUT. Same with the stockholder. Sometimes the worst thing for a back up quarter back is.....to actuall get in and play. He pratices as if and pretends as if he is playing on Sunday but knows he is not. What are these guys going to be like if they actually get the ball. And more importantly what is the SP going to do. If they are forced to actually mine this property because they keep going for the home run we may be in for a long journey with an unhappy ending.
I would have like to have seen the details on the 3.50$ a share for half the company offer that was turned down.
Again...I am long here...but like everyting else expectations should be kept in check here. Lets talk about this stock as if you are going to buy the stock and discuss pros and the cons. eg what would be the expectations of the SP if the only choice is to mine the property.
