Ann: MoU Signed with Mali Gov & Sale of Entire Project to Ganfeng, page-374

See exactly where you are coming from and agree to a lot.

However I think need to keep in mind this is not a straight sale when all the cash will hit the account in July and we can distribute and wind up.

The second tranche is 14 months away. The AUD could quite easily put on 10%+ in that time and wipe 2-3c off the capital received. I doubt the interest accruing will be much more than inflation either.

The opportunity cost is enormous to have cash sat idle. It could be leveraged with a merger at the bottom of the market.

I am not keen some wishy washy “we are looking for a project” approach if thats what they come up with.