Value., page-221

Good post Mojo,...as well as the weakened financial position its the delays and the uncertainty over the operation...no one knows for sure until it starts putting money in the bank ...if we had negotiated Sconi differently we would have two irons in the fire at once...sure that is not difficult.
On checking historical records the Cockatoo Coal deal that MLM sold out of at the time in 2007 they received $4.7 million plus 25 million shares valued at $12 million plus 40c a tonne royalties on mining....that is a normal deal

why could we not be given...say $10 million up front...a partial recovery of costs and 50 million shares...2.5% of of their issued capital... plus royalties so we could participate in the upside that we had created.

The Sconi project was far more significant than the coal project as it was huge in comparison to the coal project and it involved 3 metals all potentially in demand at the same time.

This is why I have lost a little bit of trust in management management.