Ouch. Not the news that I was expecting. With a 3 month transition period for BB and Laurent gone, how much direction will the company have come Q3 2019?
Whilst I appreciate that they are stopping the cash bleed, I'm a little unsure on what price the board based their decisions on, as it seems that LME cobalt appears to be rebounding, and a lot of other prominent figures calling bottoms. I'm curious when operations will recommence and at what conditions the board will deem favourable to reconsider their decisions.
Changing sentiment to hold. I await the updated results, but do expect a slowdown in announcements/results.
As the internet saying goes: my disappointment is immeasurable and my day is ruined.
Ann: Opuwo Project Update and Board Changes, page-56
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