I have been in the finance game for many years now, and I can tell you with one thing for certainty. No-one cares for ARU’s management title or their timelines or anything accept their own due diligence. Shareholders can be as harsh as they like (as you noted), but that cannot change what funders require as due diligence. Management have no power- that’s just how it is and I can tell you now, some household residential home loans go longer…so some people’s expectations are way out of line from my experience.
With regard to CFO comment, that cannot happen, as there is two parts of obligations. One to the ASX and the other to the offtake partner… you overstep the offtake partner and you lose the deal (then I would be calling out management for unprofessional conduct, and you would as well). Yet the ASX is at odds here. Again, this was another topic of discussion with Gavin 18 months ago.
As I have read here many times, and although most don’t want to hear it. You just have to be patient.
All the talk of it must be done now, and time is now and all this other noise is also just that… point to me any other comparable RE company that has been successful? Or better still, that is even close to putting together this sort of deal. There is none, and so I think we all need to relax a little on the insults, and let the management do their thing.
After all that’s why they are paid the big dollars, to bring this together… and as I pointed earlier, maybe the first of its kind in the western world.
Please note; I bought plenty of shares at 65c, 55c, 45c, 35c etc. so I’m down as well. But definitely not out.
I hope all that makes some sense, and appreciate you may not be in the industry so have taken some time to explain a little.
ARU Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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