I'm shorting a few majors and I've been fortunate and blessed to have some deep pockets. You win some-you win lose some. The iron ore market has softened and if I was financing or acquiring this I'd be back at the table negotiating a steep discount. Markets fluctuate what's down now will go back up eventually it always does. It's just a span of time. For myself- I'm not down on the company I'll keep an eye on their progress-that is if there is any in the future.
But I need to see a filing, funding come through and some booked revenues audited. I invest in companies stock that trades on the pinks it's a gamble. But, every year I have one of these that hasn't performed and this one could possibly be it. We'll see I have a few months before Jan so I'll watch like the rest of us.
If company executes I'll look at their filings and numbers either before Jan or after I've sold off see if I wish to get back in. At this PPS I think it's over valued after the RS based on speculation and no numbers to peruse through in filings. I'm not going to wait around on this one...come Jan I'll be out.
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