RE: Bitcoin. Seriously.......? What a joke..13 Jul 2025 13:22
ChartaRex - calm down man😁 I hear you 💯. Perhaps you are slightly misunderstanding my point. I mean if we hit the mother lode Bitcoin WILL be irrelevant. It simply will be because the market and shareholders will INSIST, and pure logic will dictate that Red Setter will be the sole no.1 priority. Not even Poulden is that stupid to divert shareholder money to a gamble when he has a gold nugget instead. And if he was that stupid then he is out the door.
Personally I believe that if a large gold deposit is uncovered at Red Setter, Poulden will, sooner rather than later step aside because he will be out of his depth. It will require a serious mining guy to come in such as happened at GGP where SD took over from GH. Poulden could keep his stake but go off and enjoy his retirement.
But just to reiterate I entirely agree with you that future fundraisings, in the event of a discovery, should be reinvested in its entirety into Red Setter.