Ann: Beyondie SOP Project - Operations Update, page-149

If, that magic word with investing…
if at this stage = there are more unknowns for SO4 investors than knowns, to many ifs for me.
= risk
= valuation impact
= directors having to price a cap raise accordingly to attract funds
= eps dilution, and unknown when might be positive eps, time is money …
…… what we know so far…
looks like a dog
barks like a dog
…it is a dog!

A shiny new plant sitting next to flopped ponds might only have residual scrap value if they can’t make the process work, arguably in a worst case scenario if the site had to be rehabilitated the residual value might be nil by the time rehab costs taken into account. That’s very gloomy and unlikely scenario, more likely is another company picks up the assets for liquidation value and starts out with a cheap plant and makes this project hum.… The curse of the flag bearer arguably.

Why as an investor would you pour more into SO4 at this stage given alternative SOP options in the market or elsewhere for that matter, for mine it’s cut your losses and run, think opportunity cost of investing more funds in this company and look elsewhere.
There’s already been disappointment and numerous cap raises, IMO they’ve used up all their investor goodwill and second chances and are faced with heavy discounting to attract funds from here. Financiers will no doubt have heavy influence in what happens next. A board clean out wouldn’t be an unreasonable expectation.