RE: ECR15 Jul 2021 14:06
I'm kind of in both camps JTB. I bought into the hype of the JV at creswick last year, because if signed, it really could be a company changer. If another company is willing to share the risk and spend X millions proving it up, our 30-40% could very quickly be worth a whole lot more than keeping it ourselves and plodding away at it.
I don't mind CB, but yeah trying to focus on the activity, the results and what those results mean going forward. His interview recently, AGAIN, he said when asked about the JV "well i can't say too much". I've heard that for over 12 months now. Just don't say anything, if Creswick is as lucrative he and the company thinks it is, the results should do the talking.
I'm fed up talking or thinking about the JV but understand it's importance. If the results are pleasing or spectacular/high grade, like LO states, it could put us in a better position on the negotiation table. But we need the results and if they come in, i the hope CB doesn't scare investment away by "raising the price" again.
Nothing is a certain with this JV, i fully understand that, the company are doing what they can to prove what substance and value Creswick can bring. And then, we hopefully sign the JV or, if the results are positive, we return there ourselves immediately in Q4. I'm very optimistic about Creswick and have "this feeling" about it. A feeling others may not have but we wait, it's all we can do, or sell out if your not convinced, but that's fine (everyone has a differing view on the situation)
We need results at the end of the day, I'm confident in getting them, at both project tbf, I'd just like to see a little more progression before another £1-2m is spent within the next 12 months. good value at £16m MCAP, let's try and get to the next step