Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
it is a textbook topic when management are driven by salaries. Even if you give them options, they woud prefer salries since it is not obvious to find a right job in a right place at their ages. We are doomed unless a third party emerges from the shadows and trigger a bid process.
Good points Rcgl. So undervalued or not, selling the Cascabel would leave us almost with a shell, unless they have enough drill results to show that the shell is full of jewels, which is unlikely at this stage. As such, it would be a strategic mistake to get into such a transaction and run the risk of becoming a shell company (for some good time). From a portfolio approach, package everything. Of course, there is a risk-reward tradeoff and a less risky approach would not deliver the highest value.
GL would need to approach Shell with some proposals. They can gamble with a couple of drills in exchange for some win win equity split. If they dont want, others might do it. Situation has changed in Europe and a 20 Millions risk money is not big to explore a potential belgium size license.
NM and his friends know that SOLG is their last chance to run/sell something as big as Solg. All eyes are on copper opportunities. So, may be they want to extract some fair value . He doesnt need the money but why leave it to the rich BHP,