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IMO ..... YES
Bond will get converted at some point.... everyone knows this ..... BUT
Interesting fact
When research note came out with 4b max dilution it was including all interest payments at low vwap right through to 2028
The more bonds converted now and early = less interest = less dilution = NOT 4b
Indeed things change and influence price
But lets not forget the reason for that extreme low - world wide pandemic and no one driving or flying - imo unlikley to happen again and if it does i think we have more problems than making money on shares
Its far more likely USA are going to want to develop ho,e grown resources
With shares much is judgment with a little luck - i think on balance this is a pretty good share to be in especially if entering at these extremely low prices
GGS should see this increase substantially
https://twitter.com/Chuggley1/status/1699700564844552508?t=MJcyjspxPkTpjPvWunNXKw&s=19
I also find this interesting and perhaps telling
Currently we are in a close period and the BoD cant buy and from what I gather by not taking salary in cash but taking a bond (@4p) they are basically giving themselves 5m shares each - im "guessing" from that they imagine after they come out of close the sp will be much higher and the money would not buy then as many shares
In July, under budget
Next we hear production updates and projections
Up 30-40% imo
What next.... a JV?
https://twitter.com/Chuggley1/status/1697972201469690219?t=sT7JMoIPeNCat4EixKL3Qg&s=19
LOI was RNS only 4 weeks or so ago. So that's the jv news. It's almost done. That's why an LOI is signed. All dd has been done over the last year .... now final legalities. Average from loi to jv 43 days
GGS is installed. Last RNS confirmed . Now it needs to pressure up. Think we'll see that benefit during August and September
All looking extremely positive
News re jv any day. Probably early September imo
Now GGS is complete it goes up from here
https://twitter.com/Chuggley1/status/1696416260655898777?t=6kKgiuW7q4ZVqXR3vREppw&s=19