AJM Chart, page-4570

Thanks mate. I still think mgmt are trying to sell out.. Theyve never given the impression that they’re in this for the long haul.. they rushed through the stage 2 DFS.. really rushed.. raced through the finance package and offtake deals and set themselves up for a clean exit.

Now with the SP tank they are stuck in between a rock and a hard place and are in a situation they didn’t foresee or hoped for. They’ve given inflated numbers and timetables in everything they’ve done and will soon be caught out IMO (only the slow that haven’t picked this up already). I think they’ll end up doing a deal with JRO or similar - who can use their balance sheet to stay solvent - for a take over but at a significant discount to fair value ie 35cps. Will wait and see..