2024 FTSE350, but target FTSE250 likely15 Dec 2023 14:34
When all the administration is done FTSE350 membership is a given.
We will also be listed in the sub category FTSE350 Mining.
However, the prize is the FTSE250 .
We need to grow, and that is why I believe we will make a transformational acquisition.
Prices in the mining sector are currently suppressed so its a good time to buy.
Our share price has held up relatively well compared to the competition, so our shares would be good currency.
There is the additional motivation to get bigger: we stay too small, with no debt we will become an easy takeover target. Right now we can't defend ourselves against a hostile move (especially if involves Trafigura who already have 20% control).
So more than one reason to grow fast! The upside, timing could be great (as copper prices will have to go higher) and we are likely to achieve FTSE250 membership before 2024 year end.