Hey, I don't have PM privileges so I can't reply to your messages. Yeah I'm sure that #TINO is just a side project for Pedro right now, I think he's just sitting on the property and waiting to get the right financing deal lined up to get things rolling. If he was truly desperate I think he could line up some sort of financing with less than ideal terms and get something going, but since he's not he is willing to wait it out for the right time/deal. The higher precious metals (and base metals for that matter) go, the more leverage he will have towards negotiating a favorable deal. At these prices and with no liquidity, diluting would be a bad deal and would basically wipe out his position or severely devalue it. My guess is he's going to wait for financing that makes sense and when he announces that, this stock barely out of the triple zeros will imo easily get back to a nickel and potentially much higher - depending on how things look and how the precious metals sector is doing. I'm a huge bull on the PM sector over the coming years, so I appreciate that Pedro isn't taking some shitty half-assed deal just to get a little short term interest. IMO the longer he holds out, the more potential value the properties will become.
Short term I'm not getting my hopes up, but whether it's this year or not I think we'll see a big time runner emerge here. I've seen companies with far less and with far shittier share structures run from the trips into the pennies so I have no doubt this one will too. Back when I was first buying in there were millions available on the ask in the mid to upper .000s, and now we're looking at a low ask of .0032! This is thin as thin gets, sooner or later we'll get our day in the sun. Until then, indeed patience is the name of the game.
