Chairman Interview, page-46

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LeeKing

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18/08/22

14:45

Post #: 63192253
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Originally posted by CheyneD ↑

A few reasons I think :

1. It’s a pretty boring stock. There are lengthy periods between news (historically), so we can’t generate the same excitement as a company drilling holes into the ground on a regular basis.

2. Huge CAPEX required. I don’t see this as an issue, and the soaring gas prices only serve to improve the IRR and economics of the project when compared to the PFS … but no doubt the 10 figure amount will have a few sitting on the sideline.
I think the “letter of intent” for the 70% has been largely ignored, even though with Daelim vested like they are, it seems a pretty likely event IMO (with requirements met for the Korean financier/s).

3. Management seemed to ignore the retail side for many years. This is my opinion only, and I believe they’ve now changed this …. But for the longest time it seemed like they were doing sweet FA to engage retail investors….

4. Stage 1/Pre-FID funding. The elephant in the room. I think they’ll have no issues securing stage 2 funding … and I’m sure there is some idea of how they’ll fund the remainder of Stage 1 …. But there hasn’t been much mention about it and CR’a at these levels will dilute us severely. We need what, $50M + ?

5. Lack of institutional support (on the register). This would turn things around.

But I can’t complain. The low SP has meant that the NRZOA options have been a steal (IMO)… and I’ve been able to scoop up almost 30mill of them.

Big risk with the liquidity, but the expiry and potential leverage is a great punt IMO.

I also have no doubt we’re on the path to production … I just feel that many are waiting to see what kind of dilution that entails (before considering hopping onboard).

Cheyne

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"NRZOA options have been a steal (IMO)… and I’ve been able to scoop up almost 30mill of them."

Strike is 28 cents, right? I think they are expensive.

NRZ Price at posting: 14.3¢ Sentiment: None Disclosure: Held
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Chairman Interview, page-46

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Chairman Interview, page-46

Top Stories

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Cauldron Energy reports "excellent" uranium assays in latest drill run

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

NRW Holdings inks $109M deal with BHP for works at Jimblebar

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