RE: Sell some17 Sep 2019 22:11
That's an interesting question Slurms...the answer has many facets.
Has CF done a good job of permitting a project ? Yes.
Has he done a good job of convincing private investors to part with cash ? Yes.
Has he done a good job of convincing the market there will be sufficient demand for what is a generally considered to be an inferior product ? No.
Have PI's been treated with respect ? No.
Has he convinced institutional investors that the development is low technical risk ? No.
Has he understood the end users demand requirements ? No.
Has he understood the debt markets ? No.
Ultimately, he's raised a bunch of money and started building some shafts and tunnels, which (with money in the bank) is not actually that challenging. I've always laughed when the company said work is progressing on time and on budget...given how early it has been in the physical development part of the project, this should be the case.