The engineering and equipment procurement (EPCM) process is underway as stated in the news release. Why would equipment be on site 2-3 weeks after the agreement with CAT in the middle of winter with the Mine Closure Plan not approved yet? Makes no sense.
Management is beating up the stock behind the scenes? What does that mean? Makes no sense.
There's been a lot of activity/volume and downside pressure on the share price at the end of the past couple of months given the high short position (for NGC) that's being carried. Will be interesting to see the current short position as of Jan. 31. Month-end seems to require the squaring of accounts for brokers and account holders?
Stands to reason the shorts need to scare out as many shares at as low a price as possible to cover and attempt to max out profitability.