RE: Today's trading23 Feb 2023 14:53
The concession has resulted in a drop in the SP of 80%.
None of the upcoming “ inflection points “ are as fundamental or pivotal as the concession itself, simply necessary clerical work, so why should they add any value?
The only strategy which will move the SP up is a sale or JV with some cash rich mining operation.
Budge made the fatal error of viewing the awarding of the concession as a full stop, a destination. It is not. Merely a comma. He should have had a detailed plan in place in advance of the award ready to go in an instant. He dithered, did nothing, not even commenting in the lamentable fall in the SP, then chucked more money at Kosovo.
Now he wanders around mumbling about ambitions with his schoolgirl jewellery and denims.
Pure caricature.