Management have exactly 44 days to have the SML officially granted before the share price tanks hard.
How do you all think the recent activity will impact the March deadline….pretty loaded question I know.
Being a Monday expert and all...PEK management should have just agreed to refine in country. If they had done that, we would have had the SML granted mid December 2021, built a better relationship with GoT as a 16% partner, offtake and finance completed, construction brought forward a few months, been able to capitalise on the booming ndpr prices...............................SP would be $5 dollars now and I would be drinking pinna coladas on Rottnest island!
They have now put unnecessary risk on an already risky project and have a lot to answer to!
Sometimes (all the time) these bankers (and lawyers) who are CEO's of mining companies get caught up with greed and ego and cant see the forest from the trees.
News: PEK Shenghe Resources to buy 19.9% of Australia's Peak Rare Earths, page-204
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