Tony good or bad CEO?, page-9

First 9 Last

Share
Profile

Follow
sevo

7,080 Posts.

526

01/08/21

11:48

Post #: 54937774
Share

Originally posted by Tipton: ↑

I think Tony inherited the problem.
But the question is :Can it be fixed?
Clearly the assumptions in the BFS were wrong and Tony was not respopnsible for that.
I keep asking why the technichal director jumped ship four months ago?Or was he pushed?
I have consistently pointed out that the only Australian company with serious industry experience is SHP with Chirs Gilchrist.
Yes I am a holder of SHP.But I have been watching the emerging Australian industry with great interest as I like the commodity.
But the reality is that we are still awaiting a success story and right now it is one disaster after another.
As with all mining projects recovery ratios matter and you can keep spending capital but will the returns justify the original investment?
I compare this with the delusion that went with the WA high pressure acid leach nickel projects 15 years ago.
Glencore finally got it to work after they bought in at cents in the dollar.But knowing what they know now, would they have built it in the first place?
Finally there is clearly a yield problem with the ponds.But what about the rest of the plant?
I have always been concerned that they will fail to produce a product to the strict specifications required by the industry.
Slowing the ramp up down and rediucing the burn rate while you prove the entire flow sheet is a smart call.
What we need to see now is a very honest ledger showing:
1.How much cash does SO4 have today?
2.What is the revised cash flow?
3.How much new cash is required?
Assuming they can answer all the technical questions and show some finished product then a smart fund might be
prepared to loan money by way of convertible note.But I would insist that Taurus give up that rich royalty that suckered them into the project.
Now is the time to get rid of the BS deals of the past and reset the ledger to the way it should have been in the first place.

Expand

You will find solar evaporation board experience at Agrimin, the chair headed up ORE for many years. Also at Reward with 2 directors previously at Lake Macleod.

SO4 Price at posting: 31.0¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

ASE

Astute delivers high-grade lithium hits at Red Mountain

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Most investors will get this earnings season wrong. Will you?

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

First 9 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Tony good or bad CEO?, page-9

Top Stories

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Astute delivers high-grade lithium hits at Red Mountain

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Most investors will get this earnings season wrong. Will you?

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Featured News