Market complete over reaction.
If you take away the expectation of a higher ARB win, look at it on its own merits..
Yesterday, gold developer, tells its shareholders we have $A4m bonus pending, and another 3m we can now access through equipment sale. ie, theres a line on $A 7m, which we can use to move forward, although still juggling cash flows until banked, also come JV potential cash for project equity split, all for getting a low capex cash flow gold oxide, over copper deeper which can add legs and rewards for all, including the JV.
So for those selling, throwing the baby out with the bath water, ask yourselves is the JV split 3 way a card that is still pending ? And while we may also work on offtakes for Capex funding. We are still on the runway to develop a bull cycle GOLD into cash flow to unlock greater value in other projects dominos.
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