Most if not all of Mel’s shares were performance shares so he didn’t put much money in.
I doubt given the ground conditions in Far West and the remaining minelife they will ever re-establish operations there now Pybar are demobilising.
The plant can not do 650ktpa without further expenditure which they have never spent and don’t have.
I doubt you will see approval anytime soon with Liontown reading the latest update with a seperate environmental impact assessment report required for the underground.
Given the difficulties and uncertainty most staff will be looking to move on fast.
If Patrick can sort all that he is pretty good.
Anyway, expect it all to be sold to cover debt / liabilities so won’t be an RVR asset anyway.
RVR Price at posting:
7.3¢ Sentiment: Sell Disclosure: Not Held
