"The sun'll come out, Tomorrow. So ya gotta hang on T'il tomorrow." Words of wisdom.
About that Rio Tinto comment, it's not accurate. Rio Tinto is a very big shareholder who wants Minera IRL to succeed. There is no January deadline. With Rio Tinto and Macquarie you have to very big players who are very much behind Minera IRL. I can't see anyway they won't succeed.
It's a crappy day for all the goldies on the TSX. Most are down between 5-10%.
Average target price is 25p. Most of the other gold stocks I hold have target prices about 1.5x the current price. This one is over 5x.
Not enough investors doing their research. This is one of the best of the goldies. Just hasn't worked for the short-term flippers. I believe we will soon rise above past levels.
They can't not finance Ollachea. The community is very much behind it. It's high-grade gold and a lot of it. 3 million oz is very likely. 5 million oz is quite possible. Not many like this left in the world. Whether it's this week or next month that the financing deal is finalized doesn't really matter that much in the end.