We're all very sure of our investment, or we will have all sold. It is CE we are exceptionally annoyed with, and its not related to actual SP. It's that a CEO of a public company is so directly a liar, incompent communicator, or a dangerous blend of both. Honestly, integrity, dependability, and predictability are key requirements of a successful leader.
Glencore could not give a damn if we are 1c in new money, they have their offtake and this was a bargain to secure it. Chump change for both a discount on capital and lock in the future asset.
Nothing CE does can destroy the fact we have a world class reserve. But the ability to raise money in the future to do this, it is imperative our value is recognised and the future discount is still a premium by last years account. Even us true believers cant stand to be diluted, and we can't stand to be lied to ir misled. Our money is as real and precious to us as anyone
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We're all very sure of our investment, or we will have all sold....
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