These guys are flipping and flopping like a fish out of water.
So
- Ajlan MOU for shipping to KSA and processing as spruiking it was cheaper to process and to a market with the Saudis. Potentially the company takes an investment into the project because of the end products.
- RASI Investment KSA comes on board because of Ajlan for a potential funding but ends the MOU. Did they think that the investment with Ajlan and this project was not viable or now not needed to put towards the build of a processing plant if the processing was now mentioned to be done elsewhere?
- German exchange listing to attract German investors. PB's previous tenure had German investors in the top 20 that voted to oust him in the 249d, Reputation?
- German presentation on page 10 suddenly shows China processing as an alternate. Why have an alternate when negotiating with KSA and now an MOU extension. Talk about a spit in the face to the Saudis and stating cheaper in China but said the same with KSA. Were they already in talks to a China processor and not informed share holders until the German listing presentation and how did they come up with a value of $380 mil saving even though they said was cheap in KSA but China apparently is way cheaper. Was the $380 mil their share of the Saudi processing plant to construct as shown in the image?
- The Page 10 diagram virtually cuts out the shipping & processing of Ajlan so why would they extend the MOU if the shipping and processing may go to China which would mean Ajlan will not have to construct a processing plant and sell on to a market so what are they there for now? That would mean the market to sell the product into would change too and no real benefit to the Saudi's as they would not have first dibs on the end products..
- When people shop around for a cheaper alternative and take the cheaper options, it usually costs them way more than what the worthwhile offer would cost them in the first place or they won't have the outcome they need at all.
So glad I didn't dip my toe into here when weighing up critical minerals companies to buy into.
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- Ann: Extension of MOU with AJLAN
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