what if the shorts are Macquarie and they are using the $1400 per ounce profit X 25000 ounces per quarter profit (which is $35m per quarter) to short the company without losing a cent?
buy OBM for an all stock offer, take the $300m tax credits and immediately use them to buy out the hedges.
Invest $20m to see if there is any lithium and spin it off.
Pain for 2 quarters, but another 6 or so quarters of upside. Literally everything after that acquisition is pure profit.
then buy back shares on market with the extra $40m you will make per quarter.
this management is complicit at worst, incompetent at best.
personally, I think need to go because of their inaction.
Maybe they need to stay, what do I know, I'm $15k under water and frustrated.
RRL Price at posting:
$1.87 Sentiment: None Disclosure: Held
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