What new management inherited were legacy projects that had...

What new management inherited were legacy projects that had basically no value given to it and they turned it around. The way I see it, rather than draining the resources of the company, they focus on their core and work to their expertise. With the European assets they retain the value, EUR does the work (a bit slow though - see lockdowns), we benefit, Balkan no further outlay and we benefit, the other EV minerals, they seem to have a background in it, so makes sense for those projects.

With regards to the Jadar Lithium project, yes I am aware, however do keep in mind that it has been around for a long time in the company, but why was no value ascribed to it even with all the other Lithium plays having had good runs? Simple, Jadar would be in no position to fund it at all due to the size and even with a massive dilution, still not be able to have a JORC or at the very least a tiny one. By spinning out the Project under BMM and getting a major like Sandfire involved, they can take things forward easily and have the funds and necessary backing.

Oh thats another thing - they have connections, which is very important as well, hence how they got Sandfire to get involved and had a tight register in BMM.

In addition management can focus on what they have and have a local team in that region manage the projects better and more efficiently. They also then don't need to "jet" around everywhere, these guys have money, they don't need the company to pay for them.

quick breakdown on status of projects since new management got involved and taking into consideration lockdowns and such -
1) September 20 - Granite belt, this did not go through and we moved on within a month or two.
2) November 20 - first exploratory holes at our Austrian project (nothing was really ever done before new management)
3) November 20 - Tierra Blanca deal.
4) December 20 - La fortuna in Mexico (terminated after due diligence was not able to be done)
5) February 21 - Khartoum Tin ( due diligence done and they went ahead - only transfered 2 weeks ago)
6) February 21 - Spin out Jadar Lithium and from ZERO value now we have $7 million value.
7) April 21 - Tierra Blanca exploration to starts 3 months later, had some delays, need to discuss surface rights, etc
8) May 21 - collaboration with EUR for the Austrian Lithium Project
8) May 21 - Streaming agreement (yet to be voted by shareholders)
9) May 21 - sampling results release from Tierra Blanca.
10) August 21 - Mt. Wells (due diligenc done, but they couldn't agree on terms, seller changed terms?
11) Sept 21 - Shaw River Lithium bought (exploration license already granted, EFE doesn't have EL yet), thats really fast.
12) October 21 - Shaw River Lithium, work begins.
13) October 21 - New Standard copper
14) October 21 - Work has already begun on New Standar according to announcement.

As you can see it looks like upon acquisition management gets going immediately and they do proper due diligence and not try to hold onto a project (Mt. Wells) if it doesn't make sense terms wise, some terms can be a real killer for the company.

With a company you need to see the background of management as well, these guys don't need a lifestyle company, they already are made men. From what i gather they are they type of guys that focus on projects and build it, not because they are desperate to do it but because they are passionate about it and their company. Either way if they are doing this for themselves, wouldn't it benefit shareholders a lot as well?