Recent content by WideMouthFrog

The time for kindness for this management came and went many years ago, One cannot possibly get so much, so wrong, for so many years, and think they have earnt respect or the kindness, and get away with ‘the last bit takes longest’. Respect is earnt, and when you make blunder after blunder, at...

When it takes eight years just to reach FID, and with so much foul play, it’s hard to believe they’ll deliver a JV that actually creates value for shareholders. I wouldn’t be holding my breath on the timing of this false promise.

With $600m sitting in the bank and staff effectively idle for two years - and with him stating that FID will happen, not “if” but “when” - the logical move is to start construction. Place the orders. Begin the work. What exactly is so difficult about getting started? This has to be one of the...

ARU do fit into this mix with EF, they don’t have enough oxide product. I have found that almost all companies, in this space, could benefit from JV with ARU. It’s amazing, how many companies have a literal hole in the REO supply… making ARU suitable in some shape or form. I’m not ruling a...

No, sorry, I was not meaning back at Posco. Just I have no clue. Back where I started…

That’s interesting thought. Deep pockets there, just as DC stated. Also, at 25:30, JV will buy into ARU, and JV will have to pay their way. Example: If they JV 20%, they buy into parent at 20%, and then pay 20% of the capex. The who? I have been round circles… and I think I’m back at the start…

Hey John, Sorry I took it down, I find that when I write anything negative and positive (balanced) I upset people. I didn't have the energy to go through all those comments I wrote. Not directed at you, but my past experience on being truthful in forums. But additionally, its not just changed...

That's all good, but critically as shareholders, we are looking to capitalise on our investment, therefore management must ensure the value of the capital stack and subsequent restructure is favourable for us, not the incoming partners. This project will be financed and that is not the issue...

Whats missing here - apart from my speculation on the Orion/US JV? If the JV doesnt bring US$325M, then surely this shortfall could be found from Gina, Australian Super or Hyundai. Does that mean the last capital raise at 19c, was the final capital raise?

Maybe not, was set out way earlier... no idea on the path back then, nor the expected SP. Could be to contractors or anyone.

LYC are saying plenty of incoming magnet processing majorly coming out of US and Korea, and the magnet is the roadblock. Given DC's comments on thanking AL recently, it suggesting he has been given some guidance on what to shortcut in this industry. As LYC have a magnet focus, I'm guessing...

I think there are a more milestones that would be all supporting this project so from a time planning perspective; it’s hard to say: five things that could be delaying us; I imagine others would have more … 1. Germany - DD on second tranche of equity. 2. Australian government pricing floor...

No conversation from me on that one. That was my original thought when they decided the JV. Get us a $400M US partner, and due to exchange, thats $600M. Thats a dream, but one could dream. Yes, they are likely to dilute - although like your thinking not critical, and some wouldnt be happy - I...

I stand firmly in the unpopular - 'other camp'—the one that rejects an FID for the sake of saying my investment is secure. A brief spike in the share price might appease some in the short term, but it’s a mirage. If we lock in the terms as currently outlined, we risk cementing long-term value...

Also, absolutely. The US is a must, not a maybe. Why? Exchange rate! Only $400M equity is AU$600M of the equity component. Thats a massive reduction in dilution for Retail. JV must come form US. With what we know today, with the 'full carry' model or the 'JV' approach. There is no competition...