RE: NEGATIVES ASSOCIATED WITH REVERSE SPLITS6 Dec 2025 12:15
The last consolidation 10 bagged wishbone. If your in you bag the returns, if your not you cry in your cornflakes
History tells us it often repeats, but silence may also be the reason due to Non Disclosure Agreements between a JV interested party doing it's Due Diligence. Until a firm commitment is made, wishbone need not notify, as nothing materially has changed under such an arrangemen ie no conclusion reached . If RS is as big and productive as they're stating " 6x Havieron yet as large as Telfer", then it smacks that silence will be Golden bcos Wishbone cannot keep all of Red Setter upto production and a big Gold Major will either +in that scenario ) either take a bite to stake a claim, or take a bite to stake a claim then gobble it up for themselves, or just gobble it up from the outset.
Wishbone can only protect itself by holding onto RS as long as it can, and by doing so (holding 100% with cash on its books) is in a much stronger position to secure the best deal it can be it an incoming bite or being devoured.
Don't be naive to dismiss this possibility and position yourselves accordingly bcos if it occurs, you will not get a bite in either scenario. Trebs