I would certainly like 10m cps and you still own all your shares!
Chalice must have had a lot less paper on issue than we do though to get 10cps from $25m.
What would we need to sell for that, something worth a bit over $150m at a quick mental calculation?
We might sell KV (hopefully after a bit more drilling) once we are sure of whats at Buldania.
We need to remember these (the directors) are conservative older blokes.
Hard workers, very experienced, wise and cautious our directors. I know people like them, they don't rush into any decision they are going to regret.
J.Vs and off takes and such might be just a couple or few months away, outright sales I reckon a bit longer.
Regardless of what I want to happen.
I would love a fantastic outright sale next week, well the money (Divy) would be great, but I might regret it if KV turns up 150mt after we had sold it..
The lithium price is crap ATM and this is rightfully or wrongfully having an effect on sector sentiment. Selling KV or BD as the Lithium price starts to turn and really rocket again would get us a significantly higher sale price for the company in all likelihood.
They will sell something but at the right time and when they (we) need the money. They don't actually need serious money yet, starting to build a mine etc is still a couple of steps off in either project...
This (asset sale) could all change on a dime if a left field, too good to refuse offer came in...
But we are all guessing lets be honest..
Good to have such great assets to speculate about! Ha ha!
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