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Ann: Private Share Placement, page-67

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Radosin

63 Posts.

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17/05/23

21:06

Post #: 67830562
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Originally posted by CheyneD: ↑

Agree completely. Don’t forget that Daelim have been basically completing the BFS (>$20M) in lieu of receiving payment at some point … whilst holding a $15M equity stake that’s now worth maybe $6M.

CNE also haven’t sold a single share.
Both have board seats.

The signs are there, that those currently involved behind the scenes are still confident. I know that Justyn is working hard to get result.

But you cannot deny that some of the pain could very well have been avoided, and has been self inflicted.

I do also concede that the company has, albeit on a questionable schedule, kicked all the goals they’ve set out to do …. Some which were quite phenomenal (the PPL for starters).

I’m optimistic, but I know there will be more pain for the SP the longer this drags out.

The good news is, expecting preFID funding and more, is that we should have a few very active months of news re BFS etc.

That’ll be a much welcomed change.

Cheyne

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I think the timing is also important given that global urea drop that fast (now start to pick up), not sure how this global urea price drop would affect overall BFS. but again IBFS is at USD280 while current at USD350~.

NRZ Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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