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Re: Z-Axis post# 5672

Thursday, 02/23/2017 11:45:58 AM

Thursday, February 23, 2017 11:45:58 AM

Post# of 12822
Some good thoughts, Zenner, and I too thought that the land swap would bring a greater upwards movement in the pps. I guess we have to remember the heavy presence of Glencore in all of this. Having gone to an all time low a year or so ago, with massive debt overhang, they will be rebuilding their balance sheet and not want competitor interest generated by sustained upward pps movement until they are ready to bid. Polymet are likely to go along with this, certainly while they are trying to find other investors (which they are) and move away from such a reliance on Glencore. From your earlier post, one can see how frustrated Cherry is with the bureaucratically sclerotic permitting process, but I would not put money on Dayton climbing out of his coffin to speed things up! Maybe Trump will do something; he promised he would and his appointment at the EPA signals a move in the right direction. As it is, we have to sit on our hands and watch the daily drip drip downwards. Personally, I would like an update on exactly where we are with permitting, since the most recent chart is 3 months out of date. Perhaps the Investor Relations person at Polymet, who reads this Hub, might help in that regard?
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