In the end, it's pretty simple if you step back and look at it all from a macro point of view:
View 1.
"In June, the Company held an introductory meeting with a globally significant east Asia-based lithiumend-user to explore the potential for future cooperation in the development of the Company’s worldclass Goulamina lithium deposit. An invitation was extended for a representative visit to the Project in Mali. As the Goulamina PFS nears completion, Birimian will step up its program to raise corporate awareness and develop a higher international profile for Goulamina."
+
(iii) a change of control event."
= $2.00
View 2.
$6m cash
-
$2.5m in liabilities discovered
+
$?? Potential compensation to the business
=
$3.5m (Enough to get us to Christmas)
View 3.
"(d) approve an issue of 2,500,000 options to each of your Directors on the following key terms:
(i) Exercise price: $0.45"
Current Price is half that, being for $0.225.
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All this dirty laundry is in the past.
The only thing we have to show for it is a $2.5m tax bill.
We get to keep the potential $2bln NPV, 20 year life mine that is Goulamina.
I'm more than happy to move on.
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In the end, it's pretty simple if you step back and look at it...
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