The mag is the big asset, but we need cash to fund that. Selling the cobalt and graphite is a responsible way to find that without diluting the blazes out of shareholders.
I'm happy that they haven't replaced the CEO if it is saving money when no big decisions have to be made. Clearly the directors are earning their fees. I'm also glad they didn't get all excited about their lithium. Very disappointed that it wasn't a big find, but they didn't shout from the rooftops like everyone else did last year about it, so it didn't come back to haunt them
Share price holding so I am happy, BUT, I do want to see a strategy clearly presented to shareholders for 2017 and the mag project
AXE Price at posting:
7.2¢ Sentiment: Buy Disclosure: Not Held
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