We had everything going for us: (1) a highly motivated CEO, with massive skin in the game, (2) a well-credentialed board with history of success, and (3) great tenements with insane potential. But somehow the ball has been dropped time and time again. This is not to say that we won’t 10x in short order, but up until this point, everything has seemed to go wrong.
For instance, could we have better engaged aboriginal stakeholders before we started drilling at Flinders? Could we have raised more than $4m at 6c back in 2020 (we were “heavily” oversubscribed)? Could we have done a gravity survey over Wyacca before running multiple drilling campaigns and coming up short? Could we have better managed the Wyacca fast-tracked results announcement (lost sooo many frustrated shareholders)? Could we have targeted a totally different area to Morgan’s Creek, and not lost shareholders with all this rare earths exploration business?
Hindsight is 20/20, but it just feels like we have come up short at every turn, despite the enormous potential and hype. Hoping that management can turn this around as I have no doubt that Thomas has it in him, but right now, if feeling terrible about this investment.
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