Must be stressful having all your money in one spec on a short timeline. It might have been good to sell some and free carry?
As far as DSO I was never a fan, it was purely for short term cash flow to stop dilution while the main game played out. Chinese environmental rules are changing and they may not want to deal with 100kt + of waste product, even if it is essentially sand. A partly refined or processed product is a much easier sell, and at a better price.
I am glad they are looking at dry processing as part of the SS. The company is focusing on value for all shareholders, and if the timeline changes and the plan evolves then so be it.
And yes, I wrote this on an iPhone.
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