These clowns know that they will get laughed out of the room by any legitimate financiers, especially now. Going into my personal blacklist as the most blatant attempt to privatize a public company I have seen in a while, hopefully, there is a large shareholder existing shareholder around who can launch a s249D up their backsides, because these guys deserve it.
The talc and clay issue in the ore was entirely foreseeable as an issue in the past, and they walked right into it and repeated the same mistakes as made before so they can hardly be described as operationally competent either, and they will be losing money for sure, at those grades in this current mining price and nickel price environment.
MYL Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held