/biz/ - Business & Finance

>>53476408

>They probably pivoted

Why do you keep on saying that? They didn't pivot anything.
Do you seriously suggest that any company should just sit on the PEA doing nothing for 6 months and wait for the FS to drop before they start taking offers or doing any marketing? That would be retarded and it's not like they can deceive any of the big investors with that document either.
Like I already said the PEA is simply coming out earlier and it's naturally pushed because it's the first official document about the resource and allows for the offers to come in. It's cleat they're trying to cause a bidding war with it.
FS is the one that clarifies things and allows for proper financing and could be the point where offers actually come in, which is my guess about how things are going to play out. I don't expect the PEA to move the needle as people think.

And they have a deep sea port access that's right next to their mine.
The ease of transportation and low cost is one of their main selling points with this resource. They can simply conveyor belting the salt from the mine straight to the boats.
So no this isn't some tiny mine that can only serve the local markets. There's really no easier way to transport a product anywhere worldwide than to load it on a boat and ship it away.
There's having healthy skepticism and then there's being obtuse on purpose because you want to appear overly skeptical about something, which seems to be a bit of a thing with you when you get into these conversations about any investments.
To say that the valuation of this should be anywhere near 5 cents is fucking crazy.

But we'll know around Monday or Tuesday where things are.
The CEO did state that the price is as high or higher than the ATH valuation and he couldn't say that without being absolutely certain of it, or he could be dragged to court for misleading the investors.