Binbin
Did Google Bard say that Ormonde is still struggling, produced no revenue in 2022 and still trying to work out a strategy.
In short, they couldn't get the recoveries/production and Oaktree wanted to protect their financial interest.
That's why they have considered selling it, but instead they are partnering with us, based on what they have seen our team deliver in Aus and Spain.
There are bad stories about hedge funds, but there are also some very good ones as well.
I have known about Howard Marks (head of Oaktree) for many years.
The easiest way to explain it. Warren Buffett has said he regularly reads Howard Marks's newsletter.
Oaktree are serious global players and if we can deliver, they can take this company a lot further than a one mine operation.
Ann: EQR acquires Tungsten Producer and Secures $25M Funding, page-70
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