'I'm wondering if the sale of the RRL share may be on the near term agenda'
At the very least I believe Management should consider bolstering there cash position by at least 30mio as a hedge against a falling POG.
Our SP will be largely influenced by the POG until financing is in place for Dubbo.
Whether the POG goes up or down from here is irrelevant. Management need to prepare for a worst case scenario. Selling at a loss should not be a factor. We can write it off at a later date.
ian chalmers on ree market, page-26
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