All their statements that have been released since 2022 are failures. Anyone with an open mind can see that, however it seems the ASX is either blind, or walking around with their eyes shut. As was pointed out some years ago, the only thing to change was the disclaimer, it got larger in size.
No-one is going to jump on Lake Giles, due to it's location and it's weak point's. That's one of the reasons BHP walked away in the 1960's. The weak points are a whole other thread in themselves. One weak point is, if you think about it from a sensible point of view and in terms of OPEX, what sane Miner, would truck his Fe all the way down to the bottom of Australia, load it onto a ship and watch it head west, then make a right turn and watch it travel all the way back up the coast, where you can literally wave to it, as it passes you. MinRes made that mistake, they learnt from it.
MacArthur have a history of jumping from one commodity to another, depending on what's hot at the time. If pink bubblegum comes in flavour next week, then McCall and Co, will be all over it. However as history has shown, they will buy up bubblegum factories, left right and center, like they have with all that you have mentioned above, and sit back and wait for someone to call them.
What I find amusing is, that Chris Ellison and Gina Rinehart, Twiggy and others included, don't mind posing for photos for editorials and magazines, insto writeups etc. Whereas in MacArthur land, they have to pose and take selfies of themselves, then upload to Instagram and Twitter (X) to get noticed. Pathetic really.
