EXU 0.00% 17.0¢ explaurum limited

Ann: Tampia Feasibility Study Update, page-29

  1. 125 Posts.
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    $100m in the scheme of things is not actually much for a decent size company

    ill give you an example, look into RCR Thomlinson 

    a very large company, with many profitable business units

    just raised $100m

    burnt it

    Basically all because one of their business units was not performing

    now in Voluntary Administration

    im only bringing this up to highlight the $100m (while being impressive) is not a get out of jail free card


    As I said the other day, great to see the other results RMS are putting out, they were just not really for EM

    Again, I do see the value in RMS, I owned their shares until the spike this week, I just don’t see the plan in trucking ore from Tampia

    At the end of the day they haven’t given us a plan or any indicative feasibility study to judge as part of our decision

    if we had that, we would be talking about that instead of guessing with hypotheticals

 
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