I'm not paying attention ?
LOL!!!
That's too rich.
I've been telling you for a couple YEARS now, in spite of your objection to my opinion, that the CEO DOES NOT EVER MAKE OTHERS INVESTMENT DECISIONS FOR THEM... while you've been busy claiming it's the CEO's "problem" that things HAVE taken the amount of time they have, and WILL take the time that they do ?
Of course, its true that someone else could easily have made a bad decision that would have enabled a crappy deal to happen for SRSR, sooner (as the guys at Globe perhaps did... or perhaps their willingness reflects "the relative value" there ?) A deal could have happened sooner... by giving away more value than should be surrendered. Encouraging that was obvious error, either in failing to recognize the fact in the nature and extent of the advantages that SRSR's rocks DO provide... or simply because of a lack of patience... driven by a failure to recognize the facts that WILL determine the timing of events in development... are what they are.
"your making it out that we are moving slowly out of choice"
Yes. In exactly that sense that patience in seeking the right deal is EXACTLY what I've advocated over the last few years. I note, again, that the terms being discussed now... VASTLY exceed what you'd suggested was possible, years back ? "Less" could easily have happened sooner ? I'll still support the effort in doing it right, while holding out for the deal that is better than the deal you wanted... which is clearly a better deal... for me ?
I've noted carefully the effort by noisemakers lobbying to "replace the CEO"... because of the claim that "he's the problem" creating obstacles to SRSR's future success ? Because others would "make it happen faster" ? LOL!!! You did not see me posting that blather... which I've identified here as delusional. I'll still prefer the right deal done right, at the right time, to the promise of "faster" by those who've proven not to have much useful understanding of the situation.
So, instead of "faster", I've consistently advocated patience... including advocating that the CEO should continue being as patient as is required... while seeking the "right" deal, with the "right" partner, that is the deal he thinks he should get.
I STILL want to see the effort remain focused on "maximizing the value" and not on "making it happen as fast as possible". And, what I see occurring in the metallurgical work being done now... appears to me it does sustain EXACTLY that focus ?
So, I think I'll continue to ignore the opinions of those who don't know what a metallurgical study is... and what its for ?
I'll continue to hold, and acquire more, while thinking anyone selling a single share for $0.02 now... is a flaming idiot ?
SRSR is now optimally positioned to enable SRSR's boat to be floated by the rising tide of niobium demand. Yelling about it... isn't going to make the tide come in any faster... and lying about the facts... isn't going to prevent the tide from coming in.
I've not EVER been lined up behind the serial effort focused on fictionalizing the calendar, and posturing artificial "deadlines"
like those others make up... rather than focusing on addressing THE FACTS in the markets and the reality in the markets AS THE DRIVERS.
That focus enables the sort of steady, patient, confidence that is easy to sustain... when you DO UNDERSTAND the nature of the market situation, and the value that is in play... and how much of that value depends on being patient, doing the right deal, the right way, at the right time... with the right partners.
Scott Keevil controls SRSR, and he makes the decisions that determine how SRSR will proceed in doing what SRSR will, as SRSR addresses SRSR's opportunities. Scott does not determine the pace at which China determines it will build steel mills, or the extent and pace of the investments driving global demand growth in niobium. A single steel mill... costs more to build than does building a new niobium mine which will supply hundreds of steel mills. So, the niobium mine itself is not ever going to be what determines the pace at which investment in development of niobium mines HAS to occur... to enable meeting the niobium demand new investment in steel production generates. The customer creates the requirement for the niobium. The customer will determine the requirement in timing the delivery of the product. Scott does not control the timing issues in global markets, that will determine others willingness to make their decisions. Scott doesn't determine whether the IPO market in Hong Kong will be frothy, and support HKHE's plans this year, or next... or not. And, he doesn't control the choices of competitors, or those who oppose SRSR's efforts in the markets. That's all just reality.
But, Scott has exercised proper control over the things he does control, in EXACTLY the right way. That steady leadership has sustained SRSR and improved SRSR's position in the market... at very little cost... while SRSR's competitors have spent vastly more in ways that only help improve SRSR's position in the market... while SRSR's boat is being kept ready to float.
It wasn't at all clear we'd have the advantage of being in this position now, five years ago... before SRSR's competitors did us the favor of proving themselves much less competitive. Proper management focus, and "the rocks"... are the reasons that we are here now.
Reality is... SRSR's never been in a better position than SRSR is in right now. The only reason SRSR isn't trading higher than it is now... is that markets are inefficient... because people are stupid. So, if some idiot wants to sell you a few more shares for $0.02 now ? LOL!!! Thank them.
The management focus is a function of Scott being confident enough in what he knows to be fact, that he is persistently and appropriately optimistic about SRSR's opportunities. He doesn't allow others "moods" to influence his decisions... while instead persisting in addressing the market reality... appropriately. The value is there. SRSR owns the value. And it is the value that is what matters.
Patience in addressing the reality appropriately doesn't mean he'd not prefer to have seen the markets behave differently than they have, or prefer others decisions were made earlier, or differently? But, patience has enabled improving SRSR's position with each new step. Having reasonable patience in the quiet confidence that "inevitability" will happen... in the time it does... works better than effort forcing square pegs in round holes... while burning through cash at an accelerated pace in ways that dilute the value, but do absolutely nothing to improve the value or ones relative position in the market.
The changes occurring in the markets still aren't going to pay attention to Scott's preferences, or mine, yours, or anyone else's. Things will still happen as they do in the time they do.
Investors will still make their decisions to invest, or not, when they do, and those decisions will still be influenced by other things they respond to... more than they will be influenced by your own interest in having them happen faster... or your "insistence" that they must.
The reality SRSR addresses is still pretty obvious...
The pace of growth in demand for niobium is inexorable... as economic reality determines it must be... given niobium makes better steel for less $$$ than steel made without it. Niobium makes better steel... and competitive advantages for those who use more of it. There are plenty of reasons to believe that the pace of growth in niobium demand will accelerate. It is a fact that the number of known viable development potentials... are in the aggregate not CLOSE to being enough to meet expected future demand. CBMM is 85% of the market ? And, we need a new CBMM equivalent added to supply... every couple of years ... just to sustain the EXISTING pace in growth ? The reality in the market, and the reality in "the rocks" creates a number of "inevitability" factors... which I've addressed as "it makes WAY more sense to develop Nemegosenda than not to." Niobium is still a tiny drop in the bucket relative to the steel market whose participants are the primary customers. Niobium is used now in only "a portion" of steel that is made... and in that portion it is still only 0.06% to 0.12 % of the product.
That tiny fraction... shifts the value equation in the entire market... in a HUGELY disproportionate fashion. It still won't make that much difference to steel producers if niobium makes up 0.18% or 0.36% of the product, or 2% or more, instead of 0.06%.
It will make a HUGE difference to niobium producers... to have the need to double current output every couple of years... which the benefit of niobium usage in steel appears it enables and requires.
What will Nemegosenda's probable mine life be, anyway ?
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