Belmont once again releasing before Marqueee.
Lone Star and Kibby haven't turned out. In both cases it would seem the Belmont CEO has been more shrewd than the MQR Managing Director, selling off their crap to MQR, with MQR taking on the risk.
I don't understand why MQR would take on the risk, spend ~$10M AUD on Lone Star and Kibby drilling to earin in a majority JV, when they did the opposite with the best project in West Spargoville (why not just spend this money drilling that).
I think it's time to sell or JV off Clayton. Shareholders need a win and funds instead of GTT Capital Raises to buy useless projects.
Fortunately it's the WA projects that are the likely big winners. Unfortunately they will be minority holders in the JV.
Lone Star PEA Released, page-2
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