I agree, the whole strategy is fundamentally up for debate now. I think 1 of the following needs to happen;
Come out in full support of the existing strategy;
Stage 1, show us how it is profitable using revised and accurate assumptions including ramping up to nameplate
Stage 2, as above & actually commit to a time frame
Stage 3, Narrow down "2022" timeframe for PFS
Using hindsight I believe Stage 2 had been delayed as a result of Stage 1 underperforming, which is an indictment of Justin's communication that basically left shareholders blindsided. If that isn't the case, then communication has still been poor as there's still really no rationale or clarity around Stage 2 timeframes.
OR
Confirm what the market suspects, Stage 1 is losing money and will be for the foreseeable future (Not my opinion - I'm saying IF this is the case). Stage 2 is likely just going to be an accelerated loss of money on that basis, so combine Stage 2 & 3 on a shorter timeframe. This almost certainly means more debt / dilution than initially planned, but would work out better for shareholders than charging ahead with a loss making Stage 2.
Stage 3 may not be able to be accelerated much more anyway, so we could just be talking about deferral of Stage 2. Until Stage 1 is turning a profit I'd say that is prudent anyway (but should have been communicated this way).
- Forums
- ASX - By Stock
- Ann: Butcherbird Manganese Project Operational Update
I agree, the whole strategy is fundamentally up for debate now....
- There are more pages in this discussion • 58 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add E25 (ASX) to my watchlist
(20min delay)
|
|||||
Last
24.5¢ |
Change
-0.010(3.92%) |
Mkt cap ! $53.29M |
Open | High | Low | Value | Volume |
25.5¢ | 25.5¢ | 24.5¢ | $187.4K | 746.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3400 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 11215 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3400 | 0.245 |
4 | 95283 | 0.240 |
1 | 14000 | 0.235 |
1 | 2178 | 0.230 |
2 | 441500 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 11215 | 1 |
0.255 | 6149 | 1 |
0.260 | 50000 | 1 |
0.265 | 676 | 1 |
0.270 | 20979 | 3 |
Last trade - 15.59pm 17/06/2024 (20 minute delay) ? |
|
|||||
Last
25.0¢ |
  |
Change
-0.010 ( 2.91 %) |
|||
Open | High | Low | Volume | ||
25.0¢ | 25.5¢ | 24.5¢ | 155468 | ||
Last updated 15.42pm 17/06/2024 ? |
Featured News
E25 (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online