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Wonarah Phosphate mine, page-66

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    "Assets are of value". "Exit at a multiple".

    Seems like were are aligned, but curious why you think the Board won't be able to extract said value via a JV.

    Not sure how a restructure will make a difference. The main reason things ground to a halt was depressed phosphate rock/acid prices, rendering Wonarah as a stranded asset. Now that we're in a once in a lifetime bull cycle underpinned by multiple catalysts - war, supply chain, enviro, EVs, renewables etc the steps undertaken by the Board seem entirely appropriate.

    If there is a better plan I'd be open to hearing it.
 
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