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Saturday, April 20, 2019 12:37:45 PM
They published the first FS and the stock went down. Obviously no lenders bought into it and liked it enough to give any money for the mine. The stock didn't go to $4 as Landmark proclaimed for three to four years that it would. It actually went down!
Then you have PP after PP lowering the stock price. I feel bad for the warrant holders that got nothing for their hard earned money. Then we have all of the company's deals with Lind. I think Lind is the smart one in the group. Their systematic selling to get their investment back. I think that they are smart. If the miracle happens and we get financing and the stock goes up then they win the lottery with all the shares they have. But to mitigate risk. Very smart on their part.
We have waited and waited. People have argued over Scandium prices for years. When there is not a steady supply and no market who knows what the price of Scandium will be. It could be great and businesses like the airlines might buy it up who knows.
This last revision of the FS posts some good numbers but the bad part is we need 1.2 Billion dollars roughly. Will Mark be able to pull that money in who knows. Been in this stock for far to long. Might have to ride it to the bottom like those poor souls who lost out on Molycorp did!
Maybe they will provide some solid truthful answers on how financing is really going on Monday. We will see!
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