Thanks Red and SW,
We cannot help but be discouraged with how things are travelling right now. However, I believe management are steering the correct course. Sure the strategic partner timeline is way blown, but there are good reasons.
- It must be very difficult landing a strong partner with the right deal at the moment with Cobalt price in the toilet.
- As other minors in the sector have been stitched up with deals that give all the advantages to the strategic partners, other multinationals will look at those deals and feel as though that is what they can expect from Ardea. Basically, they sold their butts too cheap, and that has set the market expectation.
So I would rather hold off on the timeline, even if it is depressing, and wait for the prices and sector to improve, so that we can get a fair deal for everybody.
DYOR
BE
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