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Re: King James 1 post# 59499

Tuesday, 05/07/2024 10:45:55 AM

Tuesday, May 07, 2024 10:45:55 AM

Post# of 60444
No rhyme no reason other than shorting. 300 million in cash is plenty for this company for now. Of course they're going to need some cash within the next few quarters in order to maintain more than one year of operational costs. Part of the problem is that I think Few wants to stay well ahead of the game and keep that cash at or over 300 million. Especially since Cap-X has been increasing to grow the company. A $300M mine of credit at prime wouldn't be bad. That would put them beyond 2026 when Porthos should be operational. If you think about it the official ribbon cutting of the port of Long Beach was a huge high-profile deal. That's definitely one of if not the most relevant technology today.
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