…on the back of its NR about the permit in Guatemala…
…what people who moved the stock up 38% or 40% seem to fail to gather is that the Escobal mine isn’t opening any time soon, that the permit is still under legal review, that TAHO has to get community approval before it’s out of the woods and, most importantly, the people who they need to get on side are the same people that are blocking the access to the mine. As for the NR itself, that was one veeeery carefully worded piece of legalese. Strange how the market will continue to believe bullshit liars. I mean seriously, what are you betting on here, rule of law in Guatemala?
PS: Dan Earle at TC Sec made the right call this morning: “Potentially Positive”. A segment screenshot:
Stocks shouldn’t rise like this on potentially positive.