Spot on mate. How I see it is if they forego Renard, I cant see how Adina would ever get into Production. You could just about kiss that goodbye. BUT, the fact that the team specifically mentioned that Adina is the core asset going forward, and they they are looking at offloading the non core, I cannot see how they will let Renard go. Makes no sense. Need to read between the lines. They offload the non core, then don't go forward with Renard, what are they left with? a stranded asset in Adina with no pathway to production. Cant see it happening.
WR1 Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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