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494 Posts.
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04/08/11
15:39
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The level of ridiculous commentary about management here just boils my blood....I understand the anger but most of it is misplaced and uninformed.
Sure hindsight is wonderful and in retrospect so many different decisions could be made.
Am I happy with the current SP, no....but do I like to be more pragmatic about the reasons why, absolutely!
I ask would we really want another Capital Raise??? Surely not.....the market would be savage on it.
I see a couple of the tricky risks taken out of the project by this POSITIVE announcement.
Short term Funding - Tick
Offtake Agreement - Tick
Long term Funding - Tick
Three more boxes ticked on the way to developing this island and eventually successfully mining it.
When the market itself turns around (and it will) then this project will again be viewed for what it is.
A money maker for all who stay the course!!
Things "could" turn around on the SP very quickly when interested parties understand the financials.
Good luck to all th LT holders.
Cheers,
Snagger
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