The real hole in the petrol tank is the rent at the LRC. 900k AUD a year which is close to the nearly 1 million in board salaries. But the LRC wont take shares as partial payment. Which is an expensive drain on cash reserves for what is currently being used as a Big Sandy ore storage facility.
Result of 6 million spent on the LRC = Koch is the best DLE (same conclusion as EMP, Grounded & ASN who didnt spend 6 million figuring this out) and "there are no advancements in clay, Big Sandy will use sulfuric acid leech". That's like paying 6 million dollars to see if the sky is blue.
So many dumb decisions made by the board, it's really hard to believe that Blumberg actually has an Engineering degree.
AZL Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)