That doesn’t happen until the project is bankable along with the share issue for the other 5% JV interest.
If anything the independent expert report is saying that EXU is undervalued at this price level but there is a risk the price could fall further once the RMS offer is withdrawn.
Seems like a good top level to start a new accumulation strategy to me. Grabbed a small parcel today to start with. Esh
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- Ann: Independent Expert's Report
Ann: Independent Expert's Report, page-13
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