It's quite amazing how critical medals was doing okay but then when they took over the project next door.Their share price collapsed to about 10% of its former value .
We did tell you that was going to happen and now look. $200 million Sale price in shares now worth 20 million. Plus 5 million cash equals 25 million. That wouldn't even put a dent in all the cost. It's literally the most horrible backfire possible. How on earth will anyone ever pay off 100 million in debt with 25 million. The family trust would be in ruins
Did they sell tanbreez At the bottom of a rare earth price cycle, Because of the financial stress?
The sale price backfired because now they must be what roughly 75 million in debt and the purchaser.Well that destroyed their share price I bet you they're regretting that move now.
I did say that didn't I gbbers. The ultimate karma roosred and there's nothing that can be done about it
So how much is a mining licence again when you're 75 million in debt
It's quite amazing how critical medals was doing okay but then...
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