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Lower grades. The market will punish the sp.

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gzeminem

984 Posts.

127

08/03/19

09:52

Post #: 37695081
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Originally posted by WoodySpoon ↑

The options are in addition to them having first dibs on 15% of any CR.
A thanks for not calling the loan and for support is my read.

Boy there's a lot of news in a relatively short ann. Some good, some bad. Just a lot going on.
The confidence in building in further plant is good, lower grade product not so much.
That they want 15% in any CR is good, the options not so much.
4 shipments ready to go is good, interruptions caused by elections not so much.
Lower haulage and shipping good, further cash spend on plant not so much for short term cash.
That they put out an ann is good, lack of details on each development no so much

Amazing they build in more plant though the resource is still officially small.
Still not clear if I will get my money back, or if I'm just another hopeful baggie.

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Lower grades. The market will punish the sp.

SL1 Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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