This has been a totally unnecessary situation. Management happy to have a gun put to their head by the flashest, over-valuing real estate agent in town backed by funders wanting to get in just before commissioning to maximise profits. Greedy, greedy. UNLESS, there is a problem...hence the uncertainty leading to current selldown (but therefore a blinding move by management). They've both done each other in the eye. Super bad timing. Have the courage of your convictions, boys, and hold the line.
Totally get capitalising on the Mn cathode epiphany but that doesn't need $35 million quick spit. Brokers apparently flaked out at the $2.30 asking price and wallowed at $2.20. All that shimmers isn't gold. If you need to order lead items for expansion ahead of time, then EXPLAIN why you're exploiting a buoyant market and turbo-charging this puppy. Unanswered questions, therefore brewer's droop. Elephants in the room do not go away by hiding under the doona.
A bird in the hand is always better but were we really that hungry? The 'why' has altered the short-term dynamics. That's where the market is right now. Naughty, naughty. Takes time to build trust and a second to lose it. Shipment announcement needs to be a full-clanger otherwise the golden parachutes will be tarnished for all.
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This has been a totally unnecessary situation. Management happy...
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