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Re: blubbaar post# 19583

Thursday, 06/30/2011 12:48:29 PM

Thursday, June 30, 2011 12:48:29 PM

Post# of 67010
I think you seem confused a little about what this is, blubbaar. The TR-11 approval is not mill approval. I believe you said this "wouldn't move even with mill approval" or something like that. The problem is, THIS IS NOT "MILL APROVAL". It is an ok from the DRMS to continue to seek mill approval. Basically they have accepted the plan to clean up the POW mill site and keep it environmentally safe. So, mill approval was being held up by the DRMS and that way now clear. Mill approval will come when the work is finished on the settling pond area, as the DRMS has approved.
IMO, The market right now is playing a wait and see game. Just like you, they are somewhat skeptical that the mill will be approved, because of the long delays. It's almost "too good to be believed" in their view. They believe they have time to get in on this at a later date. I would bet that right now, most don't even know that this TR-11 has been approved, or it is the last block to mill approval.
So, let's give the market some time to come around. We have waited quite some time for CGFI to take off. A little longer won't hurt. The price is not dropping, and the MM' will want to trade this back and forth as long as they can to get their pound of fresh while they still can.
The good moves are coming, in their own time.
Hold on a little longer. CGFI is, and will be a winner.

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