From memory DFS in 2013/4 had circa $45 when they were modeling the mine economics. Unfortunately the deposit isn’t economic at the current spot.
Interesting that RCF were the funds arranging all that dilution and have vacated presumably a big loss. Not sure if Tribeca has any leading information. Suspect they are a value fund. Forager fund had big exposure in freedom insurance and bottom picking can have their nightmares. First in best dressed?
Ann: Sale of Substantial Shareholding, page-5
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