I think it's fair to say that JDC lost momentum after the passing of the founder Dr Megy and while this sad event anticipated for sometime prior, it can take time to get back on track. Hence the lengthy hiatus in releases. Now it seems there is a new focus and vigour. Cliff is 100% mindful that a successful JDC is the key to unlocking the full value of Baobab and Wonarah but also in realising the value of AEV's stake in JDC. So JDC offers a 20% reduction in production costs, the enhancement of lower grade phosphate deposits to commercial grade and environmental improvements? All that for a relatively paltry extra $10m investment? That's gotta be a good deal!
AEV Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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