RE: Positions25 Mar 2023 08:15
This will happen when it happens
We have been told by our own CEO that we are not mine builders, therefore I think there’s reasonable evidence to support the fact we are not building a mine. So we won’t need to fund it.
We’ve been told many times ( by NM ) that a JV would decimate any potential T/O premium.
There is also no evidence of an offer round the corner, but there never is until it happens…. Days, weeks, months … who knows??
In the meantime they have a choice. They can sit on their hands and hope an offer comes along whilst the share price continues its inevitable drift downward. Or they can try and create shareholder value by streamlining, optimising the project potential based on a new assessment of the true value of this project in an environment of much higher ore prices ….. all of which will create the competitive tension we crave.
I think we’ll also see a new drilling campaign announced…… we have to carry on doing what we used to do best ( exploring ) until we are sold and someone will pay a fortune for what we have one day IMO