That is how I see it also.
We cannot penetrate for sure the reasons they parted company. But I saw that Mosig founded it, so I imagine he was totally motivated and committed, and I thought the reported progress was decent given their stated intentions and resources.
Nothing much we can do about it, but the options that have been brought forth for a potential split with Mosig and the other factions are:
(1) Dissatisfaction with speed of development,or Mosig's ability to execute from this point
(2) disagreement on direction...buy/out or self-development,or
(3) strategic disagreement on target emphasis (cobalt vs scandium).
The net result is that PGM has little value compared to its in-ground metal potential. My opinion is that even if management makes bad mistakes in direction, the intrinsic value of the deposit makes PGM a very good speculation at current prices.
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