Fair call. I take issue with the constant expansion narrative. Between NAL and Moblan alone that is already a sizeable project that requires probably billions of capex. I dont really see the need for endlessly drilling multiple projects and neither does the market. Having multiple assets is generally a good thing from a de-risking perspective But there's also a world where constant acquisitions and 'thinking bigger' actually becomes a burden simply cos cost of the capital allocation it requires. Quoting the $100M acquisition NPV etc thing: yeh i agree. Good move. But that is simply one move in a series of others. As i said I think theres value in this company but strategy needs to be questioned cos so far its proven to be very and continually expensive and has led to dilution of people's holding.
If a company says 'hey heres a roadmap and we've ticked boxes' that doesnt mean theyre on the right road.
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