Re: one step forward ...3 miles back
posted on
Dec 11, 2015 07:32PM
You are fully right in your persistance and conviction. This has been the case for almost eights years, Eagle 2 never landed in spring 2008. And ten years if you include the gold Discovery bonanza hole. So, that is the past. Is it helpful in today's situation, nope, only understandable. The reactions on the plan do not build the business case any longer. Our advantage has been to actuallly buy Cliffs' assets including the twist for FWR miss. I would like people not too look too much in the past any longer, many things have happened in the past fee weeks, all of which are to NOT' favour. The sheet fact that the dilution has been offset partially through a vast and profound larger deposit in total. For the rest after Eagle 2 it came out that it was not an upside elephant as far as we know, or there is an elephant in the room. It is not Gravelle who is important, not even worth to put on more pressure than now has been done. It won't help, point has been made by the auditor and in the sequentle sessions. The pain is mainly caused by the fact that an investement in a junior which actually has discovered a worldclass deposit did not yet pond out into a sellable reserve, it is not an investment without a worthwhile discovery going down. So you found what you looked for without having a logical outcome yet. To me, we need to change the shareholders' approach as we have come a lot closer to the endgame. After last election, it did make sense to put pressure on, no longer the case. RCF is all over, if this project does not work for them, the issue is all the stakes where far less likelihood exist to get to production of anything at these market prices, let alone if other assets are viable. Their pressure is enormous.I have great trust mainly due to the sequence of events in the past weeks that things are moving ahead more rapidly than we see. RCF is in the lead here. Never mind Gravelle' overall plan which does miss pragmatic milestones. It is not meant for stand alone projects, no matter how big. I view that shareholders, retail, can do a lot of good, but also the other side of the coin. Coutts is so silent these days that I hear the show-off drill for the platinum and palladium rig tuning. Last account resort action, and again the savior always comes at the point that one needs, even for FN. This one is too big to fail, to large the impact on the economy to longer neglect. The game is no longer waiting, but one of trust. Even if we need Gravelle to act, the trust is building in such pace, no longer place for irritation or doubt. Too big to fail.