my read is that the demonstration plant won't make money so they aren't going to spend anymore money on it and are hoping they can sell it and salvage what they spent whilst they focus on the resource base and spend their remaining cash to prove up a larger reserve base to recoup their MC.
so the next 3 months l suspect they will be looking to find partner who can take their mined product.
My bet it's a merger with Ucore. Timing of GA's appointment to Ucore and subsequent resignation of CEO/CFO is too big a coincidence.
3mths to negotiate terms whilst LH focus cash on drilling to increase resource base.
Best chance for us shareholders to get something out of this l guess.
Ann: Market Update - Strategic Review of Saskatoon Plant, page-53
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VML (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $14.73M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $40.75K | 16.27M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 89 | 100917298 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 19018376 | 39 |
View Market Depth
| Last trade - 15.57pm 28/06/2024 (20 minute delay) ? |
| VML (ASX) Chart |