They have a great resource and great potential. My questions are around management and their performance... The decision to try and ship DSO and following cancelation are not in line with experienced team they are supposed to be.
Not to mention the very average communication around it.
And are you honestly asking why they would want to ship DSO?
Besides the facts that they have a very large resource (n risks of running out in my lifetime that's for sure!) they do actually need $200M to build the Hi Smelt.... It would save tremendous dilution not to mention make it a whole lot easier to raise that $$ as a company with positive cash flow. Last time I checked money doesn't grow on trees, not even Juniper trees.
The DSO stage was a rather important step in the live of MGU. Hardly any significant progress has been booked since it was scrapped and no announcements detailing the path forward or explaining what went wrong have been released.
They have a great resource and great potential. My questions are...
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