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This is an unmitigated disaster, any other business you would be dismissed/paid off, or if a civil servant promoted.
We were patient 2yr ago, this is now beyond a joke, message to the Board "either make progress or leave to let someone else do better"
This is a story to check out, refers to mt Weld, one of the many tenements SML bought out then wrote off for some tax breaks...
https://www.msn.com/en-gb/news/world/china-s-rare-earth-metals-monopoly-could-be-coming-to-an-end/ar-AA13EiVV?ocid=entnewsntp&pc=U531&cvid=7abd6ce136d647f09ca0777f510e11e8
i dont think the price of copper was the main issue, its more about the economic outlook, a lot of investment has been shelved just to keep cash flow positive, as copper rises and sentiment changes there is a good chance this will get investment.
With that said i cant help thinking the BoDs are playing hard ball at the moment until "Brenda's money" is resolved in the hope they get enough to undertake a slow start themselves.