Agree completely. Don’t forget that Daelim have been basically completing the BFS (>$20M) in lieu of receiving payment at some point … whilst holding a $15M equity stake that’s now worth maybe $6M.
CNE also haven’t sold a single share.
Both have board seats.
The signs are there, that those currently involved behind the scenes are still confident. I know that Justyn is working hard to get result.
But you cannot deny that some of the pain could very well have been avoided, and has been self inflicted.
I do also concede that the company has, albeit on a questionable schedule, kicked all the goals they’ve set out to do …. Some which were quite phenomenal (the PPL for starters).
I’m optimistic, but I know there will be more pain for the SP the longer this drags out.
The good news is, expecting preFID funding and more, is that we should have a few very active months of news re BFS etc.
That’ll be a much welcomed change.
Cheyne
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