A gentle reminder: the management bought the 78% of Phase 1,2 and 3 (that the company didnt already own) for $25 mill in 2021. The other 22% they got basically for free.
Today, they sold 60% of Phase 1 only for $200 mill. I'd suggest some people need to cut them a bit of slack...
Ann: Transformational Farm-Out Agreement Executed, page-39
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