I think those two guys at Money of Mine know SFA about the detail of the negotiations.
They are saying something to be seen to say something, that is the huge problem with being in the public eye and making out like they know all.
I would be far happier to hear, say FlightTimes view, the view of a number of other people who are in the share or have carefully followed the fine detail as it developed. I had the same thing on RXM, once it got a bid all these other people wanted to use it as the metric for their projects but each project is unique and the devil is very much in the detail.
I think I'll see what Colin Moorhead has to say about the position taken:
- he has a hell of a lot more skin in the game.
- he is very across the detail and with multiple pits and types of ore (rich in Au & cu respectively) plus metallurgical recovery methods: float + glycine leach, there is a lot of it.
- being on the board of several companies and being involved in the negotiations he will get a good view as to funding. (In the case of RXM it was all about teasing out funding).
At least now we know they let the timing slip a little bit.
All IMVHO & GLTAH.
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