RE: Different postions29 Jan 2022 13:24
The bottom line here is that this BOD have never had the capability to take this through to production. There’s been a big For Sale sign outside RY’s door for years. Nobody has bitten so they’d have to plod on proving up resource, ticking the boxes until they’ve done enough to convince someone it is a viable proposition, supported where possible by Russian grants. Someone has now broken cover and personally I think this will ensure others show their hand. We know this is a derisory offer for the resources we have available (both in terms of quantity and quality and likely future demand). No-one on here has ever been able to second guess what this BoD has been up to, so it’s just wait and see, as it ever was.
GLA