Also think the electrification work being done at RHA will make a huge difference to the operatimg cost. Digging deeper underground to get to the higher grades of ore will make the mine run at a profit.
"...why did PREM not apply for the maximum size of an EPO (65,000 sq.km)? Imagine the size of Zulu then." ROFL, do you know how big that is? Good to know you've done your research lol
Why has the minister granted prem the EPO when clearly they have no funds to develop Zulu on their own.. Logic dictates that they already have a jv partner waiting in the wings.
Have a word with yourself and count the number of shares in circulation. Then add GRs and the ones that are holding in the backrgound. You will be surprised how many people are holding. Big investors with 500mil holding.
RE: Glad I'm out, but a very sad outcome nonetheless19 Oct 2019 11:11
Not quite in the situation forcing it to delist unless there is a takeover and the offer would have to be high enough to get approval from 75% shareholders