at a time when Ron has confirmed receipt of all engineering studies and the future of the company as validated by an external engineer is currently sitting in his hands.
He has proposed $1 hurdle for his performance rights - I reiterate he has a picture of what this business looks like going forward - we don't have a clear one as we only have his word, and not MACA interquip studies and knowledge of the financing discussions.
Now I hope he is greedy and the $1 is a low bar, but there is another chance that its a high bar and he's a humble guy - in that case I am very concerned with whats in the DFS and how financing is progressing for him to think $1 is a high bar considering he previously thought we should be a $1bn company alongside PPTA and SX2
I am a pessimistic person so I have my thoughts but I have faith in the project's JORC numbers and the macro support - so I am going to sit and wait - the company should be moving forward it just takes time and its taken a little more time for the market to get new information than I would've liked so I am nervous.
LRV Price at posting:
84.8¢ Sentiment: Hold Disclosure: Held
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