RE: Saudi Arabia’s EV Battery Bets Are a Warning23 Aug 2022 19:05
dssloan, totally agree with you.
Suzhou already owns 13% of the PREM and it does make me laugh when I can read that GR still owns 100% of Zulu.
It's in the interest of Suzhou to make sure that assay results are announced very slowly and RUS is not the priority of GR so no other parties are involved. I'm not speaking about the EPO and multiple mines build, people are leaving in another planet or is it wishful thinking?
I can see Suzhou buying PREM for around 1p or just over especially than I cannot see GR and his team delivering in time a minimum rate of 4,000 tonnes per month on a rolling average basis plus or minus 10% no later than 31 March 2023.
We all remember the disaster at RHA where the RUS was not important as never found and I'm not speaking about all the others acquisitions where shareholders were stolen.