Thanks D-Train.
No doubting Mr Bromby loves his fertilser and phosphate projects.
There is an underlying great story for this sector ie - wheat & grain pricing, russian wheat export bans, china fertiliser tariffs and export bans, rising demand for fert nutrients, and subsequent rising RP pricing.
Project financing risk aside (Verte Group) - we should be seeing a good appreciation in SP from all of the above.
However, the current sentiment towards MAK is really overshadowed negatively via AD and his management team.
The BCD debacle has been exectued extremely poorly, to say the least, but there may be some long term value for a listed shell to consolidate the Tassie tin, tungsten assets, etc, (May have driven their initial thinking)
IF.....
they can turn around the cost of producing at BCD via the new higher grade western zone, then they've bought in when the opex is at its highest, and can ride the improvement.
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