RE: Time to look away again22 Mar 2019 12:58
The courtesy of an answer to your question:
Personally, I think if REM did takeover BCN, we could have just squeezed in just in time before the bankers slammed the door shut. Our Founder does not appear to sleep as and he is quick on his feet. Eg, our Founder reads Twit and he would have seen all the articles on Havieron. He quickly went for the licence RIGHT NEXT DOOR [his speciality eg KDNC Bald Hill, WA] to Havieron of GGP. He bagged it just merely a FEW HRS before Rio. As the results came out, even awake Blind Freddy would know about nearology. He then got the aeromags flow and presto, he got there before Rio.
Anyhow, such deep regret.
If one looks at the board of MMS, the Chairman is someone who is in corporate finance, consultancy and someone who know how to locate money. There is another chap also on the board. Then there is our Founder who just needs to go out to Sonora and do a walk-about and tell us its world class before PEA, FS etc. Maybe, his nose is special?
Same for Kvanjfeld - REM is right next door. Dont see anyone else there except us on 1 side.
However, the board of BCN are not high profile enough or in corporate finance top circles, hence after looking all over the place for investors, they finally decided to appoint Citi to look for money. That took time. As the share price got hammered, it made it difficult to do a public raise - if done, it would be too discounted.
The Founder having got hammered isnt talking so cant glean what they are going to do to unlock the Sonora JV as the big cheese is hugging it? Well, we can wait I suppose but I cant wait 20 yrs for LaVentana to end its mine life.
So, I suppose its now to MMS and Auroch-again, it is in a hot area in WA and high grades so maybe a surprise?
If one looks at the assets now, its more Australian centric-wise as Australia is very highly ranked and funding is easier for top quality or high grade assets etc.
All caveated with it appears, maybe, could be, potential etc.
Just a discussion with no definitive view. With thanks.
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