We have a situation where, with major copper/gold miners as shareholders, our BOD is looking for a JV with any other investors for our various secondary discoveries. Question: why not BHP or Newcrest? There must come a point where BHP or Newcrest want the lot. In my opinion, the dithering is because they are avoiding a bidding war - but that may be forced upon them. And soon.
Largely agree, CD. We have a load of management recruited as if to go it alone. I wonder what they do all day now he strategy has changed to drill,drill, drill, and then evaluate. OK, in the end, the value is enhanced which is about the time the cash runs out. So what then?
The southern drift of the SP is tiresome but inevitable until fresh drilling results start rolling through. Personally, I'm quite relaxed -if frustrated - and expect the SP to be back mid 30's bu August.
Your summary is masterful, and to develop Christobel alone never on the cards. All that puff reminiscent of Trump sorting out China. However, it does illustrate just how many opportunities there are to be seized. The present SP is just option money.
Dropping share price seems simple to me. All AIM shares thrive on news. We do not expect any significant news until the drills start to bite once more and then wait for results, say in April. A lot of investors in mining can't wait that long and look elsewhere. Anyone buying at this level is on to a good thing.
I cannot understand the concerns over dilution with a fundraise. At present, every drilling result improves the value of the company. When and if we run out of money, we either sell Cascabel or do a JV. The call rests with our BOD, not BHP or whoever. As I see it, our problem is that there is no clear message from our BOD as to the strategy. Instead there remains a ridiculous but vague suggestion of going to production on our own. Such confusion is the main reason why the SP is where it is.