I’m just another interested non-holder so feel free to take my comments with a pinch of salt, however I’m not sure the “trust James/the management” line really works here Terry. Management appear to have a bit of a credibility issue, with the DFS figures so drastically different from the PFS. How does the IRR go from 175% to 36%?
There’s also the Share Cafe ‘Hidden Gems’ webinar from September 2020 where Mr Marsh states they could see the NPV go 4-5x that of what the PFS stated. It’s still on the SC website, go check it out at 13 min mark. No wonder the DFS kept getting delayed, they’d shadowed a $3B+ NPV and they delivered $613M.
Then there was the 30 June 2021 quarterly where they mentioned ‘monitoring suspect transactions to ASIC’, basically creating a great foil for retail holders to blame shorters for the SP woes (which, incredibly, is even still happening on this thread) rather than asking the hard questions. Open shorts on this stock hasn’t been above 4% for 12 months.
Trust management? Sorry but I think this still goes lower from here. GL
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3 | 8333333 | 0.003 |
Price($) | Vol. | No. |
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