RE: An interesting thought13 Jun 2025 08:52
TI, if we'd taken BHP's offer of cash and technical support, who knows where we'd be now? It's fair to assume they'd be very much in the driving seat, but is that any different to the position we now find ourselves in with Jiangxi? I suppose one of the key differences is that NM could not work with BHP and he'd either have been booted out a couple of years earlier than he was, or the whole thing may have imploded.
On the face of it, the new team seem to have a strong working relationship with Jiangxi, but, given the team is doing its best to avoid falling into their clutches at a low value, will the relationship survive the test of time?
The decision to avoid dilution, which we all applauded, may have simply delayed the inevitable, but it may have also delayed our progress.
The conundrum is straightforward; we want cash and we need technical support, but we also want to hang onto control. Are these two conflicting ambitions compatible?