yeah, thats kinda my read too. through all the fluff and noise.... sparta paid management off with a direct transfer of shares @30c.... and haven't sold a single share as far as i can tell as that would be announced by ASX rules (substantial holders, etc), despite 3 german financial years where they could have washed the losses.
Brucey boy speaks every now and then about speaking to the minister...."and others".... you get the sense that this whole thing is stitched up and everyone is happy to sit idle waiting to be part owner, royalty recipient and/or controller of largest silica sand mine operation in the southern hemisphere...... supply chains are king these days..... the only folk that can't tolerate this level of red are the retail investors.... of which the vibe is they are a neccessary nuassance as a bi-product of being listed.
but like you say, its all stories to justify ones perspective.
rags or riches..... only way out for me![]()
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