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Thoughts on why Noble won't turn off the lights, page-28

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16/11/20

09:16

Post #: 48893714
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Originally posted by Birchcorp ↑

IDC- very much doubt they are the good guys. Ie if you stall a project because your broke or a failing business. Who caused the delays I wonder?

PIC- they care alright. They have a lot tied up, and the only reason they cannot extend more was the ESG. Remember the dramas we have two years ago when their board made changes.

Noble- Need this to happen, marketing, value and other are all factors. Although they have security, they haven’t the funds or capacity to ensure they come out well if this fails...

RES management stand to lose a stack!! That I know for sure, their current wage (about 40% of previous boards and reduced 30% again) is peanuts in contrast to what they lose. Shinto Torii, rail commissions, CV’s, future opportunities etc. Ask some questions to them, there is ways to find this out for your own comfort. Imagine if we lost them now... then we would be totally screwed... I think we need to be careful what we saying here.

They will all be scrambling, and if this complex arrangement can happen it will.

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I wouldn't get too optimistic Birch. Its not looking good the longer this goes on.

RES Price at posting: 6.4¢ Sentiment: Buy Disclosure: Held
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