Keyboard experts...13 Jul 2025 16:18
First of all, I understand the frustration that many of you feel on here...I've been here as long as most and we have one of the biggest holdings on here...
And there are a few who have credibility because they know something about what they are talking about.
But for many of then rest you seem to feel that management is a 'free hit' often with unsubstantiated criticism...
So just pause for a moment...
BHP has legions of specialists, atop top Board and a top top group of Executives to consult and delegate to.
The management team here is tiny for a portfolio this complex...
One of the best Tier 1 copper/fgold prospects on the planet with a prospective Capital Cost of $4 billion
An open pit start; a shat into the core and one of the biggest block cave mines to plan for
89 separate projects, several of which could be another Alpala...managing a prospective IPO with the prospectus requirements etc
$600 million of gold stream funding and a prospective $900 million copper stream
Mainly funded by a $42 billion company, FNV...
Running on tight cash constraints, both for Cascabel and for the company in general
Preparing a DFS at the same time as progressing several licences
With more than 10 majors in the data room and...
The Chinese State with all their muscle crawling all over you trying to buy the Newmont stake and trying to get SOLG on the cheap...
And all the regulatory/reporting/governance requirements of a quoted PLC
The constant roadshows and briefings for institutional investors
Now even those who have had senior management responsibility on here...have you been a Chairman or CEO or even GFD of a quoted plc (I've IPOed a plc as GFD...)...
How would you juggle all of these balls and still have more than a moment to satisfy small investors like us...
And yet both Vujcic and Smith find that time...
While some on here pillory them for lack of relevant experience...
For me they're doing a far better job than Nick and Twigger; infinitely better than the incompetent Cuzubbo; and much better than Scott and Sangha...
So give them a break...please...be patient....one way or other value will out here.