When Thalanga got a new lease of life the then SP was higher than 25c. One may call that as being overpriced particularly since it has taken some time to prove that the life was worth living. Production and ramp up has taken time to prove and yet MC was higher.
Winding forward, Far west has better ore bodies - Liontown will keep that life and should give it some more immunity, expected commodity boom and yet under that 25c. If Hillgrove is such a 'bad' risk then sell it at a hefty premium - there would be buyers at premium prices to what it was acquired for. Then Thalanga gets derisked and still trade at at least 25c and holders get a windfall in the form of a juicy dividend and company ends up with more cash in the kitty.
But of course that's an angle the company will not entertain as they're in for the long game and not just for short term SP movements.
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