Berger was ousted for failure to deliver - simple corporate world play.
100% ownership relates to 100% tenement lease (a rock solid everyday mining lease arrangement) - that is no farm in - no other previous tenement holder farm in - no partnership.
We are not back to ground zero.
- We have 100% ownership of an extremely valuable tenement/resource - proven JORC. Critical approvals that can take years - some 80 mill spent.
- Original stage 1 would not have been completed until final quarter 6-7 months with Chan components.
- Then 6 months production at no profit due to acid supply and costs and only producing 1 commercial product - at a loss.
- Minimum 12 months wasted and a lot of monies completing stage 1 + employees - hence Berger gone.
- That 12 months will now focus on delivering a bigger resource to assist securing option 1 or option 2 finance along with US listing.
- All the while new optimization - benification improvements will occur along with product produced for end users AND sales agreements from mou to binding.
- All the above in 12 months. Build much larger and profitable operation from financiers - debt paydown much earlier - not share holder dilution - Improved plant components Italian - improved products/more value - additional 10 year mine life? - most likely solar power plant to not only save costs long term but to appeal highly to end users - neigh sales markets.
I can wait. Bottom appears - now await bounce on next 12 month news - project build (12 months?) - absolute cash cow.
Get excited look at RIO'S project up the road - look at bkkmike post. Finally company recognized failings and a team assembled to deliver $3-$4-$5 upwards and onwards.
- Forums
- ASX - By Stock
- ABR
- Ann: Presentation - ABR Investor Webinar
Ann: Presentation - ABR Investor Webinar, page-32
Featured News
Add ABR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online