I agree until the 20% stake is moved on in an orderly manner this will hold the share price down. My guess is the BOD will be trying to get another offtake partner for stage 1 to take the 20% stake as well. That's a big investment circa $81M at todays prices so it will take some time to find a new offtake partner who is willing to make that sort of investment. I have no doubt that once the deal is done and dusted the share price will be more fairly valued. I also have no doubt that they will find a willing buyer...imo of course.
AJM Price at posting:
26.8¢ Sentiment: Hold Disclosure: Held
