It seems that way - Mt Morgan exit never fully explained or really justified just a hasty exit without trying to extract any value at all.
When CRB picked up this project (after flirting with the iron ore project which I did not like the look of) it appeared CRB finally had a project which based on the information looked attractive, yes there was dilution, but given the financial state of CRB that was to expected.
So an apparent quality resource that is easy to mine and with a comparatively low capital requirement, access to infastructure and market demand. What could go wrong? Well we know what can go wrong now - being saddled with a "do little" board seeing no urgency to progress the project but still having their hand out for their fees while treating shareholders like mushrooms.
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It seems that way - Mt Morgan exit never fully explained or...
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