Thinking back to the AGM ... seems so long ago... and things did not work out on any type of schedule that the company could work with... Its been a long time waiting, a long drift down on rather minor selling, and nothing in terms of buying pressure. However, I think we will see a lift in sentiment towards CNY soon. Who knows for sure these days but some concrete updates on progress on Maio including GUIAs, and dimension that might help us better understand potential Mn tonnage that we control.
I am hopeful we will get substantive news in the next few weeks, that will get us back on track from a valuation perspective.
What continues to impress me with CNY is the potential for near term and sizeable cash flow from Mn operation. This seems most tangible now, as we ready applications for permits for trial mining. I knock on wood when I write this as the road has been bumpy.
I suspect we will also hear news of Parauna, Dash, and financing.
A great deal of thanks to the directors of this company that have kept it afloat. Their actions make it clear they see the potential here to make things work.