Just got back from the meeting and thought I would share my initial thoughts/notes:
-The next 6-8 weeks will bring more info that we have been waiting for [cathode study very close]
- Fully aware of balance sheet issues and would like to sort these out without further dilution to SH. All options are on the table; however, renegotiating MLX notes and using high-margin income from cathode would be the preferred method.
- Governance is MUCH better. They have a robust process prior to releasing anything to the market. They are not going to need to change their plans, getting all information [quotes, etc.…] prior to release.
- Matt finds the assets extremely interesting. The board is focused on a step-by-step approach rather than getting over-excited by ALL of the possibilities and heading off in multiple directions
- The team is fully aware that they need to get to production ASAP to take full advantage of the current Cu thematic
- Also ensuring that they are exploring opportunities with other assets
- Matt is laser-focused on bringing value to SH's as it will open more opportunities for us [financing-wise] with a stronger share price
I am very impressed with the caliber of management now... this is what we have always needed.
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