Yeah fair call and same conclusions I came to before I sold half my shares.
In the long run I believe getting 100% of the project is the right move. This management team has runs on the board and has good institutional support for the inevitable capital raising.
Having Acacia/Barrick removed from the project can only be a positive since the government clearly will never be able to work with them.
In any case with the government’s increased take I don’t think the project will get off the ground without gold above US$1400/oz.
ORR Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held