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Of course are much bigger, but profits are realised in the future. If they are just used to fund exploration there is significant risk attached, so let's see how the market responds. Had there been say a 20 million special dividend it's obvious we would see a factor 2-3 on the SP
Personally I am a bit disappointed that the much vaunted JV/sale of the open pit on granting of nte mining license looks like more hubris. If we mine there will unlikely be a return to shareholders for some considerable time, particularly if the income is just used to fund exploration of other prospects. Whilst the prospects are indeed promising the timescale for realisation is years imo and all we will get at e nebulous, hubristic podcasts. Consequently I don't expect an immediate big uplift in the SP if we mine the open pit. I would love to be proven wrong and see Chr5p 2p projection.
"They will when they receive the official confirmation direct to them. They are following protocol. They have had the same notice so far as we have. Nothing stopping anyone doing the same."
Ye s but what they do have is a knowledge of plans for Luansobe and the timescale/magnitude of return on investment
So if we went alone on the open pit, generating about 15 million pa (GLR's 75% share) we could say distribute 5m million as dividend and use 10 million to accelerate proving up other assets. Many investors would happy with a 5 to 10% yield which on Luansobe open pit in production alone would value GLR at 50 to 100 million i.e a 5 to 10 bagger?
Anal...the pie in the sky was not a reference to drill results or potential of the assets..(I have no disagreement on this). The question was about timing..what does nearly there mean. You have stated previously you expect 2 to 3 asset sales/JV by Q2 ... this is pie in the sky. I hope your guesswork is right..I would be happy to eat the humble pie, but I suspect you don't do humility and if you are wrong you will just create another hubristic guess.
We should be pressuring the company to provide more facts on plans, holdups, timelines for all of the assets.
Luansobe licence within one to two months. If granted the Co has indicated mining begins by Sep/ Oct. Probably wise to expect some slippage given previous expectations not supported by detailed plans.
Other assets are still in pie in the sky phase, no facts available to say when "there" , so nearly there is optimistic speculation.