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17/11/18
09:14
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Originally posted by Kaeho:
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According to todays investor presentation, i think JB will get developed at some point in the future. As to JV or not thats anyones guess but atm all attention and resource should be directed at SDV. "Feasibility work to take advantage of Mt Cattlin and Jiangsu experience to draw synergies for engineering and process flow sheet design" They are working on feasibility and seems like the intent is to copy and paste Mt Cattlin into Canada. Being Canada I also expect some environmental hurdles to jump through being on native land and all. I agree on investing all money into project developement rather than wasted on share buy backs and divi. Tbh buy backs dont acheive much unless they plonk several hundred mil and aquire a sizable chunk which leaves us stranded project wise. I prefer to hold off a small once-off divi now and get a regular quarterly divi once all projects are in automatic money making mode. By then all those touting for a divi and buy backs will be more than happy with the sp at multiples of what it is now.
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There are some long termers here that are already stranded, the company/BOD has an obligation to act to restore their capital at its earliest opportunity. I am not one of them.