Hey JL,I hope you’re well.Mate, you are one of the few people...

Hey JL,

I hope you’re well.

Mate, you are one of the few people I’ve seen actually somewhat defend the outgoing MD.

Aside from his ludicrous remuneration ….. he has the charisma of a baked potato (IMO), can’t present well (IMO) and gifted himself “performance options” without actually performing …

Nevermind him dumping his shares on the back of news that was actually giving the SP northbound trajectory.

He won’t be missed, and should have been shown the door a long time ago.

”Their biggest issue” is the inability to stick to timelines.

They need to secure the 30% funding and yes, time is of the essence before the dilution gets even uglier.


The project has potential, both Daelim and CNE obviously believe it too…. as does the SA gov.
Daelim are what, $40M in the hole via the BFS and equity stake ?
A BFS they’ve been continuing to work on WITHOUT getting paid.

Sure, there’s plenty of focus on the environment (IMO, not necessarily on the areas that require the most attention) … but there’s also a focus on food security.
The company has also gotten alot of those boxes required, ticked.
We’re also an existing coal mine in the middle of nowhere.

Regardless, this strategic partner fiasco has chewed up too much time and $.

Now we wait to see what Justyn has up his sleeve …. Perhaps we might get some positive news now that the lead balloon has been removed.

We can agree to disagree about WHY they haven’t secured the 30% strategic partnership yet … But we’ll find out soon enough.



All IMO etc etc.



Cheyne