RE: Double edged sword23 Jan 2023 10:11
Aubrey ... I seem to recall that @ 38p the company was worth 1 billion..ergo @ 3.8p its value is 100 mil so i dont think proven resources are the problem. Just the proven platinum would justify that purchase price. The deal for NN would be a no brainer, doorstep resource, tax right off if necessary, clean green name to reverse pgm arm of NN into and such huge potential, re exploration.
No this sp would never have happened if the shareS were in instuitutionAL and investors hands, the danger of hostile would be very very real without the defacto veto of the bod.
Dont get me wrong i dont want a fire sale but the risk of a hostile takeover would have kept the sp at least above the 10p or i third of a bil price tag......All inho and wtfdik etc