I listened to the conference call - He sounds very confident, just 3 machines at sandfire will generate $3.6m revenue with next to no consumables and labour costs required to process (high margin).
There was a question about whether it is to early to do a review given no commercial revenue for OreXplore and FY21 drilling EBITDA run rate not clearly established, which I agree with, but at the same time clearly shareholders are frustrated at clear lack of valuation acknowledgement within current share price of both busiinesses. I also have a question about Shaw & Partners as the advisor - they are an Australian based retail stockbroker - can't see how they can help get on offshore buyer or cornerstone investor.
Ultimately I think Kent is not and/or not interested in being a publically listed CEO, and he wants out, setting the business up for sale!
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