$1 is overpaid given board performance
Ive written this thing off so I don't feel the need to deep dive anything anymore
i still believe this will fold when the money runs out but if the board drag this carcass out of the mud to trade I'm happy to get 10c on the dollar and run for the hills
blind Freddie knew funding for MM was going to be a push because there was bugger all copper in that there copper mine and $28m for a mine with any copper in it would have been funded easily which leads me to believe that maybe the funding was not found for managerial reasons
good projects are still obtaining funding, example although not copper is RNU $185m govt loan facility an over subscribed credit raise and not a shovel in the ground yet, now sits with $300mil in the bank ready to start
difference, excellent management connecting with shareholders and a mine with something in it!!
Lets see what the financials say
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Ann: Mount Margaret Copper Project update, page-143
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