The 10,000t target failure had nothing to do with macro economics.
It was simply a bullsh#t sales pitch to bring investors on.
Why else would St Baker sell his 80million shares.
They needed someone to buy his & Bayntons stock.
If retail investors were privy to insider info maybe they would’ve also reduced or temporarily sold their holdings & re entered at a later stage.
Once the 2 largest execs holdings were sold Burns started pushing the whole “its not a commodity dribble” indicating it was no longer about 10,000t or 30,000t etc..
Samsung & Panasonic was leveraged as part of that plan yet here we are 5 years later with Samsung reduced from an agreement of 500t to 1000t to nothing.
After 5 years Panasonic is 2500t in 2025 at best
what happened to the remaining 37,500t
Riverside was still 18months from mass production yet they continued promoting 10,000t riverside 2023 & site selection process advancements indicating 2025 mass production of 40,000t was on target which was impossible.
And here we are mid 24 still promoting 3000t destined for Koreplex that is still 2 years from completion.
Why has so many execs & leaders resigned. All under Burns leadership too.
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