You just never know, however, if you look at the last few years and when deals have been finallized and announced, August is a big month in Chile. Look at Condesco August anouncements over the last few years. As winter ends and spring is just around the corner, announcements are made with results of drilling to follow by year end.
I thought last August was our month, never got real excited in February and the date of the AGM suggested the deal was not going to come till much later. But I have the time to wait. The flippers will flip and the price will run up and down until we get that official announcement from a third party that the deal is done and money has exchanged hands.
August 31, seems like a good date for the price to run back above .19 and a third party announcement by that date or sometime in September. There is no carrot here, if you are in, your in, if your not, well IMO there is time. My best guess $.34 by year end, and we are waiting on Alto drilling results. In the interium, the LDM results might drive the SP at a quicker pace.
That work is being done now. It is in process and time will tell what that little piece of the mountain is worth. Lets not forget, once proven, reserves are like money in the bank.
As a long, with a significant position, I don't care what the SP is today, I look at the risk reward two years from now and say, is better or worse today than the day before, the month before, the year before. I like were we are at, and time is measured in opportunity cost, which means this can only be a great play in relationship to anything else in this high risk investment sector.
The glass is half full and we have not even started the party. Here is hoping you see the waiter before the partt starts and you can't find the bar.
