I am a humble investor and not a geo or a mining engineer. it is great that the HC community has identified that Sonic Drilling is the way to go. Unfortunately, the HC community does not manage EXU and I cannot recall that being noted in any EXU announcements to date?
I also have noted the “excellent” Mace result and then......I look at the share price after the announcement. I also suspect that EXU has a huge challenge ahead to even get close to securing Project Finance.
Accepting the RMS offer of 1:4 shares is something that a prudent investor should do. The series of missed self appointed deadlines were well and truly before RMS launched its bid.
When RMS canned the sweetened offer I initially thought that the offer may have been a ploy exclusively used to get a look at the assets, however, I now believe that the offer was in good faith and that the due diligence highlighted the over promise and under deliver fundamentals of EXU.
The RMS offer is by far the best option for EXU shareholders.
