The departure of the CEO was a surprise. Did he disagree with the direction MR wanted to go? I can imagine MR would be keen to avoid diluting his stake at the current SP. Agree with the “resource too small argument”. This has been discussed at AGM’s.
I can see the attraction of a hard rock deposit at Officer but chasing Officer for more brine doesn’t make much sense when there is bore potential at KP. Furthermore anything at Officer will require years of work even with an enthusiastic Martu.
RWD Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
