Hardly surprising 12c was the best Johnny Come Lately could...

Hardly surprising 12c was the best Johnny Come Lately could rustle up, after pretty much everyone else got their fill on the REO hype, one even had ~$50M extra thrown at them, fund even rang on the w/e "could you please take another $25M", true story.

Given ARU totally missed the boat what does surprise is why take a miserable 12c now when there is a veritable host of offtake agreements "a few months away", surely competent mgt would land at least of couple of these long promised big fish and go to the mkt with bragging rights, then sell some stock at a much higher price?

Fanciful expectations here this things worth $1 or more, GL with mgt giving it away @12c.

Guess should mention the $300M Govt cash punters here have already banked dead cert, IF that were actually real why not get another letter locking it down, no maybes' this time, AND a few of those "a few months away" offtakes, say just 3 of the 9 pending feverishly, and then surely they could have done a little better than 12c?

BTW punters here might do a little DD on Govt funding, it is only made available after all equity & loan cash has been used, in other words taxpayers will help finish a project but not stupid enough to start one, too many false dawns on the Never Never.