Might need to take a look at the Australian Institute of Company Directors guidance on the role of the board...
Ultimately if they act in the best interests of "the company" then over time this will translate to SH value.
I too have a sizeable investment on this, but I'm not worried about this week or next week or even this year. It's end of 2023 and first half 2024 that looks nice here. I look at it like WAF, only 3 years behind. The key re rate will likely be 12 months after production starts.
in terms of company strategy - they've been doing CRs for a long while... So we know it's in their strategy.
I agree they said Ajubar project is fully funded and gave is the breakdown of that with the debt facility plus capital for mine development and infrastructure, etc... are we sure this isn't for a parallel project, acquisition, drilling program or something else?
We haven't seen the terms of the CR yet, only what's been (scarecly) reported...
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