Exactly TB. And it was previously spruiked by a previous CEO that our concentrators were worth closer to $150m-$200m replacement value. Let alone the time savings not having to consider obtaining permits and then construction. Amazing how funds from a previous CR was earmarked for a variable speed drive worth tens of millions of $$$ (NB. doubt if it was ever ordered as planned even given the long lead time required) and yet we sell the lot (Including a sh!t load of Ni resource) for $15m. You kinda feel stitched up when these things no longer add up. MINRES must be laughing all the way to the bank!!!
And SHs sit silently scratching their heads thinking WTF just happened???
But, I suppose we have to be happy we have cash for another year or so now. Prolonging the agony!
We can now all hang around until they decide they want to sell off Black Swan for a dime, gutting the company from within and leaving no more tangible value remaining for SHs.
Exactly TB. And it was previously spruiked by a previous CEO...
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