focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
If we don't see the value of our company and shamefully talk down the value, why should a buyer see the value? Then why shouldn't a buyer wait until we give it away? That's exactly what happened here. They've downsized the value so much that even the buyer no longer needs to see that value.
Let's not forget that there are millions of ounces of gold in our areas and the probability that the ounces are there. Who wants to be invested for years without a corresponding return? Who would give away their wealth? That's exactly it. If you don't get at least 1 pound per share, it's a waste of wealth. As an investor, I can't afford to give away my money through stupidity or incompetence. Then another solution is needed. Either a sales price that makes all shareholders happy or a plan other than giving it away.
We have a gold price of $2200. I expect gold to rise significantly this year, let's say due to certain circumstances such as interest rate cuts... to $2500 and further in the next few years. A smart seller has this in mind. A sale price below £240,000,000 would be a management disgrace.
It goes up... or down. There is good news or... doubts. All psychological nonsense based on quirks. It works... or it doesn't. This is not just a sensible economic decision, it is a confused political decision. The hope is that sensible arguments will win out over the confusion. Look at other countries. Does obvious economic expertise win out over the political agenda? It is only a bet. Arguments for this may be psychologically reassuring. What matters is what is decided. I see this more positively politically than before, but not as clearly and necessarily positive. People are stubborn and cling to stupid ideas. It is a bet on common sense (economic) expertise. Perhaps one where we lose again. Or we hope that this time it will be different, has to be, because... blah blah blah.
Don't be blinded. People who see wealth are speculating based on their own hopes or other manipulative goals. It is still the case, psychologically there is something against Phulbari. Stupidity and stubbornness are persistent. Could it be different in the future?
Thank you for your email and questioning in regards to the NED appointments.
This process as advised by RNSs previously is in progress, and the market & Shareholders will be updated as soon as we can in accordance with the rules and regulations for AIM.
The misunderstanding was that I mistakenly assumed that I had information about the Phulbari coal mine and its approval, which turned out to be incorrect. As a result, I incorrectly stated that there was approval when I did not have accurate information about it. That was my mistake, and I apologize for it.
For all the good economic arguments for a mine, it is not an economic decision. If it were an economic decision, the mine would already be there. And the government has so far shown that economic sense is completely alien to it. What are we hoping for? For insight? For knowledge from those in power? Isn't it more likely that the stubborn person will become more and more stubborn? Old age rigidity.
The Mine Construction Contract was entered into on 9 March 2024, however, issuance of a Notice to Proceed with the works is dependent on the Company receiving the necessary approvals from the Bangladesh Government and achieving financial closure
What mean " and achieving financial closure' ?