G79 0.00% 2.7¢ goldoz limited

Ann: Strategic Investor, Equity Placement & JV Partner for Caula, page-76

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  1. 272 Posts.
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    U sold half your project for 3.5 million. That values the entire thing at 7 WITH A SS DONE. For a graphite project to be post SS worth 7 million by MANAGEMENT shows either a lack of credibility for the project or a lack of foresight or valuation skills of management. This wasn’t even an offer. This was an accepted deal. World class projects don’t sell for 3.5 M for 50 percent. Also the market agrees with this bc ur MC is about the value of project plus cash so the market doesn’t disagree but if it’s only worth 7M after SS how much will it be worth post PFS and also with the history of management do we really trust them going forward
 
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