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Re: loamobn post# 22489

Thursday, 06/01/2017 3:32:43 PM

Thursday, June 01, 2017 3:32:43 PM

Post# of 25263
It seems to me that the world has taken it's eyes off the reason that they bought Enertopia. Enertopia has struck a great deal that will enable them, with a little work, to move convincingly into the lithium space. Having tried it's hand at weed, and some love lube, the company has maintained it's legitimacy by keeping it's reporting current, not rolling back repeatedly like so many others and even (and this is the most impressive part), staying out of debt! How many balance sheets do we see in these markets that are just riddled with debt and an unsustainable business model? The market doesn't seem to get that McAllister did a brave thing by losing the Nevada properties that were not certain to yield a return but were certain to cost the company money that could be better spent elsewhere. Enertopia has money in the bank and is poised to move into it's next phase of progression. The benchtest results were actually very impressive and, like the original gold miners that developed the leaching process which revolutionalised the gold mining world, Enertopia is very close to perfecting a comparable process. When they do this we will all be saying "I told you so - I saw this coming", but in the meantime, the naysayers amongst us are holding court and making us forget why we bought this company in the first place. I'm not unhappy that I have been able to increase my position and I hope those amongst us that have good memories are taking the opportunity to do the same thing. In the meantime, McAllister is out there probably wading around in brines and having chats with willing land-owners so that he can move this company forward. If he's not putting out PR's everyday it's because he is building a business and not placating short-sighted shareholders.
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