I wish Stans would stop dragging their feet, but I guess they sincerely do want to operate the mine and are giving the Kyryzy government officials every possible chance to stop being pompous and thick headed, before they lower the boom.
The trouble with holding now is I imagine a lot of shareholders are starting to lose interest, as it seems like this state of affairs is going to be in limbo for a while longer. If they go with the settlement there is likely going to be a big gap up into the .60 to .70 range out of the blue, and it will be too late to get in. Otherwise, if you believe that the K's will respond the leverage we now have, and come around, then, I guess you could get in for what will be a more gradual rise to over $1.00 and beyond as production comes on line.
If Stans goes with the settlement option, they could just buy one of many new other REE plays around now which are totally cash strapped. For example one rather nice new little REE play (uncreatively) named REE is getting really cheap now. They could probably buy the whole thing for under $30 million and still have plenty left over for additional studies, digging machines, a new processing plant and so forth. This one also has the advantage of not being too big and it's in Wyoming, one of the most truly mine friendly places in the world.
On the other hand K is is a poor country (with government officials like that, hardly the need to wonder why) and the local people there were probably looking forward to an improved standard of living from the economic benefits reopening the mine would bring. It is a shame that the K officials involved continue to abuse their authority at the expense of their citizens.
