"Oh look at how much money we have in the bank team. No need to rush anything, we can dawdle along for several more years now at shareholders' expense. Then I can retire! Sweet!"
So let me get this straight so my brain can understand where we're at.
1) KfW IPEX solely, are working on all aspects of the Finance.
2) SMS are taking care of the Mine and Refinery planning and execution. Contractors all earmarked.
3) Supposedly have offtakes in place for "up to 100%" of our products. Certainly the offtakes we have would make this an incredibly profitable and successful project already.
4) Todd Corp are doing their own due diligence.
Can someone please explain to me what PB, the other Directors, and everyone else at TNG HQ in Australia and Overseas, actually do all day? Watch Netflix?
And PB has to resign from TRT because flying around on jaunts to Asia, doing 5 minute regurgitated speeches with the aim of giving away the farm for peanuts, is too much for him?
lol.
It could easily take the best part of this year to get finance and all the environmentals sorted out.
No wonder the share price has been tracking down / sideways for as long as I can remember.
And rightfully so our (former) largest shareholder, the Browns put their foot down.
The accountability here is diabolical.
I continue to hold because of the story. If we get mining, this has to be a 10+ bagger all day long.
I should have done my own due diligence on management before investing so early on in the piece, instead of getting caught up in the whole Vanadium / renewable energy wave. I just assumed they were competent professionals. A mistake I'll not make again in future investments.
