"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.
Wonarah Phosphate mine, page-66
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| 14 | 8759582 | 0.4¢ |
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| 0.5¢ | 1483862 | 3 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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