Can't get much worse for Perkoa.
Open pit shut down.
Underground being reviewed (care and maintenance here we come).
US$9 million still unresolved. Is Glencore going to be happy to take more of the project at this stage or will Blackthorn have to cough up the cash?
IMO, think the smart thing to do would be to sell and then re-enter cheaper when it bottoms out. Wait and see what happens to share price after optimisations are completed.
Ann: STATUS OF COMPREHENSIVE PERKOA REVIEW , page-2
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