Totally disagree with you Daripper. The only one spruiking .70c...

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maxava

150 Posts.

268

04/11/21

21:53

Post #: 57328634
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Originally posted by Daripper ↑

All i will say is that NF once stated (via unconfirmed sources) that we were worth 70c/sh…. Since then we have been diluted (without lube), retraced to 4c and now find ourselves at point below the MD’s stated worth. BITD we had achieved a 1B MC. The MC we now find ourselves at has come at a cost to many SH for a 50% increase, but that may be the price of derisking?.
IMO Manono was always going to be a driving, strategic resource into the EV transition that is now becoming general conversation and point of focus. Im not unhappy we are here, I always expected it, but I expected more.
My POV, that has developed over the last 5yrs, is that our Mgt, of average standard, have had the opportunity to oversee the definition of a spectacular (at surface) resource, requiring very little specialised attention. Am i thankful, yes, but I will not bestow accolades on them as they were offered up a once in a lifetime opportunity when previous Mgt could not “secure, define & sell”.

Tier1 resource needs Tier1 Mgt.

Anyways, just remember
never forget the Sn.

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Totally disagree with you Daripper. The only one spruiking .70c back then was the ninja - and where is he now!
Do you honestly think, the deals that have been done by the board with off takes etc and getting Mr Pei from CATL involved would have been a walk in the park? Let's not forget in the middle of all negotiations the DRC changed government! Your sign off says you're a builder, please tell me how long it sometimes takes to get house plans through local government, let alone a billion dollar mine!

AVZ Price at posting: 46.5¢ Sentiment: Buy Disclosure: Held
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