Yep, I like the new guy also. Any update will be greatly appreciated.
Do you know something though? I think management planned it this way all along. And thats why I think it is a promising time for us. We have been so short on news flow that the fact an m.d has been appointed to do this job means the board think there is something to say finally.
What I mean is that they figured very early that it was no dice on the cobalt and nickel. Grades to low, capex to high. How and why are we still bagging our own board on this thread for that decision???
Yes we might have got to a hundred mill by being a lesser version of CLQ and AUZ with the nickel cobalt- assuming we could prove up a larger resource as many here speculated. But management made the call probably that plans looked semi feasible for CLQ's perhaps just on the side of marginal and only due to Friedlands involvement. Which we dont have. What management could have presided over would have been a big fat bubble imo. We would be sitting around berating management with a lot more vitrol having probably right at this moment just been skinned alive and had rectum pokers inserted.-look at CLQ (down under 500mill)
The massive capex was probably an instant barrier to PGM as it now proves to be troubling for CLQ.
And the board probably in good faith thought we cant spruik this cobalt knowing that the numbers dont stack up, because we later take a dive and lose mkt credibility. Some might of been able to trade a run, but for those not trading, and I guess the guys at the top have to keep hold of quite a few, well they would find themselves in the exact same financial position we are in now, except in the post nickel cobalt appocalypse scenario no one would believe a word management had to say anymore.
They would then try to pivot to scandium and no one would buy it, because it would seem an utterly diversionary tactic. Do you think offtake partners, fianacers, j.v partners dont look at this sort of behaviour, where management spruik the hell out of something, watch it fly and then swan dive out of the clouds, descending to the ocean floor like so many broken up pieces of the titanic? Theyd be watching. Everyone love a spectacle.
And would we have a scandium based PFS at the ready, because they would have been spending time insuring life rafts had plenty of elbow space, not focusing on the scandium process.
So good on you management for not playing silly buggers and actually having some moral and etheical decency.
And the Friendland lovers get a room. I mean I appreciate the mans efforts but he was part of the spruik generation and mgt have been proven correct on not going for the ride on that. And I appreciate not having to pay the guy despite his racy presos. Corey- racey. Futuristic towering cities. An ode to our old cheif and commamder.
PGM Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
