insane selling, page-19

Norm,
many thanks for your comments on HC. It is unsusual to see these honest opinion in a public board. I recall very well ur "sell" sentiment at 2,2x. It was the perfect signal from a very experienced guy, at least for me.

Agree on the projects. NB is in the same state as 2.5 years ago, were M/C was at 20 mio A$. 3 years later we may see an update of the resource, well... it should be better significant.

My main concern today is that I don't understand how a chemical company is working. I dont't like BASF and the like, don't understand how they make money. I do like mines. Aru looks like they want to become a chemical company.
For me they are a startup, not technology, but chemical. Not an explorer. Developer? They try but results ... what results they achieved in 2.5 years since 20 mio A$ m/c? I only recall they figured out that they need 750 mio A$ +- 30% to bring the mine online, pay back period very much in excess of 3 years. Given the current situation with costs in the industry I read it as +30%.

Pisa_