RE: next year21 Dec 2020 21:53
I think Mark must have been wary of further dilution. After years of hard work where he has also invested his money along the way he must be scared that his holding will be diluted to a degree where the big investors get the spoils ( and I am aligned to those concerns)
Surely If he can prove up the distract with drilling, whilst funding his capex with minimal dilution (hopefully boosted by Toll Milling) this is the best option for him and us! He can always ramp up production as we become cash generative!
Along the way it also gives the big boys the opportunity to buy us at a fair price and again a win win!
I understand investors concerns about making the most of a potential gold bull run however other less prudent AIM companies have seen shareholders obliterated with dilution!
Just my thoughts, however yes I would also welcome an offer of £2++
Lastly let’s just think about Marks demeanour in those presentations, relaxed, happy....he doesn’t look like a guy frustrated he has wasted years for no return!!
Keep the faith!