I’m surprised there’s so much negativity about the Performance Rights for DC. They’re in 3 vested conditional tranches. Don’t meet the vesting conditions, don’t get the PR issued. At least that’s how I’ve read and understood it. Value of them in today’s SP - $324k.
I can’t wait until all this negativity, some of which has been caused by the complexity of the arrangements for Ausmin acquisition, is behind us and RNU own the Graphite, mining plan approved, DFS completed, offtake/s in place, finance in place, mine built and MC $250m. Then watch the SP as mining begins and the cash rolls in.
GL folks. Not long now and we’ll begin to see a lot more interest as market sentiment changes.
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