Endless Debates...Why?10 Jan 2022 16:23
There is only one reason behind the daily debates (sale or no sale, JV, EUA2 and the recent Divi policy), it all boils down to lack of clarity. To date the BOD have done a sterling job, taking a junior explorer to cusp of Tier-1 status!
However, communication and updates have been ambiguous, resulting in all kind of assumptions, theories, conspiracies, and make believe facts. I can hazard a guess, but thats all it is, otherwise I have no idea or clarity on the following:-
1. What (areas) is being sold
2. Total assets (JORC)
3. Buyer(s)
4. Credible party
5. Recent Divi RNS, does 80% apply to a one off special divi, or for on-going?
As a result, I've made many assumptions (right or wrong), but more importantly its given the MM's, shorters, Naysayers and the 5% traders a free license.
I understand NDA is in place, the BOD cannot provide price sensitise details, therefore the daily debates, games and SP fluctuations will continue until we get the 'BIG' RNS.
All the best
Kammy