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tdbowieknife - I can see the black pill in your comment of the years of being on the PLM board and watching these endless battles. I'm ready to hurt again with Talon after throwing in towel on PLM myself. lol I'm a sucker for punishment.
MEASURED AND INDICATED RESOURCE** 795 million tons
MINE PLAN*** 225 million tons (represents first third of M&I Resource)
AVAILABLE METALS IN MINE PLAN*** 1.16 billion pounds copper 170 million pounds nickel 6.2 million pounds cobalt 1.56 million ounces precious metals including 1.19 million ounces of palladium and .37 million ounces of platinum/gold
Maybe none of this is related to PLM. Even though the PPS is at an all time low, seeing TECH start up exploratory drilling again and TM starting the EIS process tells me (pure speculation) that the big money is moving forward with copper mining. Has Polymet broke through the barriers behind the scenes??? Guess the small money know in early 2020.
maybe, but there is one big decision before spring. The court decision for permit stays on/before Wednesday, January 22, 2020. Could be some movement there. If stays are dropped expect financing news possibly in spring like you are commenting. If they are not dropped things could go on much much longer. You should probably see a price drop with any financing deal as well.
The only reason I would buy my rights offering would be to keep Glencore away from more shares. Seems like the general consensus is that the price will continue to drop and if there is a reverse split the value will only drop more. Also, with Paula bringing in more uncertainty with the recent news and whistle blowing just adds weight to a dropping price. Would it not made more sense buy shares on the other side of the rights offering? I'd rather pay $.20 a share than .38 now.
De-listing from NYSE in "x" amount of time under $.40 correct? Would Glencore let that happen is my question. Could we also see a reverse split I wonder?
I'm still holding a LARGE chunk of shares as well... I'm not taking any action until the rights issuing or some miracle spike that comes out of nowhere. Also pissed about the PPS but if that brings down the price of the rights offering, it should make it a bit easier to hedge my overall holdings. Fingers crossed.
You mean the state has to litigate almost everything. I think Poly joined on behalf of one lawsuit? As far as I am aware there is not one lawsuit pointed directly at PLM.
It just appears that they are willing to let investors go, seems that anyone that has held for a long time has now given up and PLM has done nothing to reassure small investors. I am also curious why this is, why would you not want to get as many people on board as possible? Is is for a cheap buy out for Glencore? I wish I knew. As we can do as small investors is try to guess and assume what PLM is doing.
Government moves slow and I'm sure that shutdown didn't help. If we don't hear anything today I'd guess next week has a better chance.
I've been in and out for a long time and have held shares down in the .58's a few years ago. Got to play the spikes when they come, but got caught with a few others when the permit to mine came out thinking it would run for a few days.