Thanks for sharing Paul.
@6.35 min he clearly states "Barrick plan was to shut this mine in 1 year".
So with Barrick knowing this project and having operated this project and understanding the resource available their view was a max of 1 year life left in the asset. We are hoping for another 10 as per the interview.
This is very concerning.
I was looking at shortman.com.au
It appears based on the timing here we have people short selling the stock - reality is insignificant volumes but in my opinion probably subscribing to then net the position out. Eg. sell today 1 million shares and subscribe for 1 million shares at 16 cents.
Sure MLL broker can advise the board and stop this so that we get in "real" shareholders and not traders looking to make a quick profit. Makes me wonder what the rest of the investors are whom have been approached.
1 year before Barrick wanted to shut down the whole project.... does not instill me with the greatest confidence.
Feel sorry for all the people that bought shares at 22 cents recently on the hype with the current reality of 15 cents to 16 cents a share being the current trading range based on yesterday and today.
