Ive only had a brief read so far but it seems buy high sell low would seem to be the modus operandi.... If not for the cash from WGR the situation would have been a lot worse. Maybe spin off prospect hill later this year to stem the flow again?
Worse still, Gary has given scarce detail around the current round of shipments / pricing and certainly no investor call / comms around a path to profitability. Only saving grace is that the royalty keep taking (some?) options / shares for pay.
Given the wicket he is on (and doubles with the WGR gig) I think all holders should expect a great deal more.
GLAH
Ann: Half Year Financial Report, page-3
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