Taken way too long with this…market has lost interest. Not sure how they will raise more money from here, not sure there partners will tip in more at 1c as planned
The independent valuation report isn’t great reading either saying that its basically a bad deal for existing holders
On top of all that, company is clearly withholding sensitive information from the market. Here is a list of things that should have been completed but not released to market:
- Trade off study (wet v dry benefication) – highly sensitive to the projects economics
- Budget and schedule for BFS
- Infill drilling
All this was planned to happen before the merger so no excuse
MNB Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
