I've mentioned before that I am a recent investor in ARU, Acquired my first parcel in March 2024. My stake has grown from there and a lot has happened since. I understand the questions asked of the board and I also understand the sentiment among retail shareholders. Contrary to messaging from the BOD, they really haven't served us well.
What confuses me is the continued references to the 2017 failed FID (load the t'shirt photos) and it's comparison to today's challenges? I want to know how they compare? Was there a debt facility in place? Were there binding off-take agreements? Did we have POSCO (Speculatively) doing DD to come on board as a strategic equity partner. Were the instos messing around with our SP?
I know I could do the research my self, and I'm happy to do it but I would like to see contributions from those who keep referring to 2017 and share what they believe the similarities are. Thanks in advance!
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