Perambulation7 May 2022 08:49
Hi everyone...
Good post, Keith...thanks
My simple summary is that nature abhors a vacuum...
and, in the case of this BB and wider, folk then invent all sorts of madcap theories...often to suit their own agendas...
we see a lot of that on here
and that influences some folk
Also...many shareholders in small cap stocks are not battle hardened...
IE many have not seen it all before
There is also a lot of 'if only I had bought/sold at low/high points, I would be wealthier today'...
self kidology
Yes...the geology here is exceptional...
the pregnancy...hydrocarbon energy...
is imo off most scales...I have referred to that many times
The fiscal terms and ease of access are also about the best I have ever seen
But still the shares trade at call option value...
You consider that indicates possible lack of trust and you might be correct...in part
But I think it is that folk nowadays want to ride the next big thing...jump on jump off...
what you and I are both witnessing is much to do with that...
The ' I am missing out on other opportunities by staying invested here' syndrome
Again, we often see that here
Also...
PG holds a high % of the equity
But even that enormous positive
has been reformatted by some into a quasi negative...
What!!!
give me strength!!!
that is simply wrong...
It shows a total lack of corporate finance understanding...
sorry all!
Why is it such a big thing?
as I have posted before, if a CEO wishes to maximise that monetary value, he has to engineer a deal...
I can envisage exactly the type of deal I want to see here...
My own conclusion...FWIW...
having spent time with both PG and LB ...
is that they are as honest as the day is long...
and extremely competent and individually well connected
They are also now advised...despite Sefton's protestations...sorry Sefton...
by very competent deal advisers...
Kleinwort Benson has been a great breeding ground for such people
I do know as Kleinworts were my own advisers in my quoted company
Bit of a perambulation prior to walking the boys
(((This really is as good as I have ever seen)))
Regards
GRH