Disgruntled holders speaking of everything being a pipedream...
DSO was going to happen with historic prices, then prices fell.
So they stopped.
Thats pretty logical business decision.
Now they have a partner who needs phosphate.
So they are redeveloping the DSO.
Instead of paying for LFP which they won't develop for years...
They are focussing on the immediate revenue.
Very keen to see updated figures - the obviously see profit with an expanded DSO project and beneficiation.
These have all been logical plans.
They fall through because of circumstances not because management never planned to do them...
Risks now sorted - funding - Hebang providing funds - offtake - Hebang need phosphate - execution - leadership change and we still have good mining project managers (ex- cxo)
It could fall through but on a risk adjusted basis we are looking good and it makes sense to focus all funding and personnel on building out the DSO.
AEV Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
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