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Dont think that book was around when I was a child.And dont read...

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UMkMyMny

746 Posts.

105

15/01/24

15:40

Post #: 71886478
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Originally posted by LongTony: ↑

This was fully valued against the business case NPV when it was trading at 50 cents.

We all know now that the business case was very unrealistic and that activities on the project have negatively impacted the actual situation on the ground with various actions effectively sterilising ore.

Any financing restructuring is going to dilute shareholders, increase debt and have a double whammy impact on value per share.

We'll wait and see but I'd suspect that the current share price would be a great outcome, and that most likely this will be underwater for years.

I think that anyone entertaining the notion that this will provide a case study for a brilliant turnaround needs to reread The Emperor's New Clothes; your brain is deliberately feeding your conscious mind misinformation.

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Dont think that book was around when I was a child.
And dont read childrens books so if it was some sort of insult I missed it?
I dont think that the people on the ground are there just to see it fail.
It is going to take time but I am confident it can turn around and there will be 30 plus years of profits.

STA Price at posting: 9.5¢ Sentiment: Buy Disclosure: Held
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