potentially conflict of Interest or some legal/asx rules (am unsure)
seen a few spec end directors on 3x the $ that MQ gets though so remuneration not a concern as such. While sp has been hammered & they’ve raised poorly 6-3-1.8 is a classic, I don’t think they’ve been doing nothing.
EA, MR, SS, DFS, Toll Treaty etc all part of a process & takes time, sadly extended by legal for us & covid didn’t help. But they managed to tick all those boxes with finance the last straw remaining before construction-production starts.
God only knows what the future holds but would like to think over next 12-24 months “if” finance is decent & dilution for equity done at a reasonable level then in the long run should get to that $150-200m mcap. What sp will be when that happens dependent on our termsheet-dilution.
lets see how it finally unravels
Rerate, page-175
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