I believe I have tried to be objective and give company the benefit of the doubt, and some of my concerns the followers of the stock ( who seem to resent any questions raised) dislike. whether one believes they will meet their projections according to their stated timetable or not, control of the mill is a valuable asset.Whether one accepts there are no problems or not ultimately their needs to be more demand for the stock- that is as much management's hob as operations or finance. I guess where I differ from some is that even with mill operating if management doesnt have a better IR ability demand for stock may not occur.
I am assuming CEO's years of experience will allow him to hire competent people to run operations, and that CFO having a diverse background will be creative at meeting financial challenges though challenegs seem to be huge. IMO the IR is biggest issue as long as CFO can bring in cash every quarter.
Funny biggest red flag I see is one that no one seems concerned about, that CFO has so little faith in getting paid that he has a second position on the mill. I think larger investors would question this and be uncomfortabe with one person having voting control.
But heck we are all speculators looking at this stock, just trying to develop better understanding to speculate in the stock.I want the stock to go up as much as anyone, I just think it will take much longer than this year.Operating and permitted mills are not a dime a dozen Forget idea they will be mining in the short term as the company clearly doesnt have the capital to develop a mine and get permits to do so overnight. This is just fluff for the future, it does show some potential. They have hung their hat on an operating mill custom milling ore- more confidence CFO can bring to the table on this the better.
so where is 8k on March 6 requirements ? Or am I wrong that this was a material event ?
AI
