Thanks for your message. Really long this name already. Holding over 250k units averaging 20c+ cost base. So fairly painful experience. It's testing my conviction.
I'd like to add more at these levels, but what confidence do we have?
They will release their report im expecting on August 31.
If they actually manage to secure financing the immediate focus will be do they have the team to deliver? That will become the next focus from the market. Big question marks on that aspect too.
if they cannot get the PF in place then Joe and Hamish gonna have to suck it up and bring in a strategic investor and dilute themselves. They'll hate that because it means less control.
But what choice do they have if PF fails? Not much.
AGIG (old duet) would be keen.
Brickworks?
Jemana?
Private Equity?
Infrastructure/Dev player?
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