Obscene? Do you know of another company in the sector where the management put more than 1M of their own cash into the company?
Do some research mate - look at CLQ & AUZ for a start for a comparison for remuneration. Figure out when the last cap raise was for our peers and when our last one was. I’ll give you a hint on AUZ:
https://www.asx.com.au/asxpdf/20190607/pdf/445p593t4wqmsq.pdf
Commodity prices have been battered due to macro factors and Glencore producing enough cobalt to keep the cobalt market in surplus until at least 2021.
I for one am pleased with the strategy of smart low cost exploration and NSW divestment until the market turns around. These guys have been very prudent with their cash and it should last into next year.
Been in the commodities game for a while and I’ve seen many cycles and believe me the Ni/Co one related to EVs hasn’t really even started.
Obscene? Do you know of another company in the sector where the...
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