It is amazing what these AIM CEOs get away with when it comes to rewarding themselves at the expense of shareholders. Another example is Daniel Betts who has presided over a 40p to 9p collapse in the HUM sp but today announced he had awarded himself 500k shares and also a lumpy amount to his father!!
It is certainly alright for some! Just another 250k shares as a little thank you. He better bl**dy well deliver a decent sale outcome. Hopefully he will but just saying!
I think the $100 - $200k range equates to 35p to 69p fully diluted. It could be that a lot of the warrants aren't exercised so the base could be a bit higher than 35p. Could we already have at least 35p in the bag? That wouldn't be a bad outcome but let us hope higher offers come in. I am still hopeful that the Chinese producer will put in a decent bid.
My assumption, wrongly or rightly, is that one of the bids received so far might be acceptable to the BOD hence the confidence that the sale will happen. However, they are hoping for a better offer to come in.
Just added another £4k myself. That will do me now. I hope this palpable confidence exhibited by the Directors is justified. On the face of it it seems a no-brainer at the current price! We shall see.
Every bb has a resident Grinch! Even a busted clock is right twice a day. It is clear from Bejet's comments that a bull market for gold has begun in his opinion.
RE: Let's change the heading to, More positive information.24 Mar 2023 09:30
It is important that CNR works on a plan B should no sale happen. Making sure that buyers no that such a plan exists is also important so that it lessens the chance of low ball offers if they think they have CNR over a barrel. The video was an encouraging update.
I wonder whether Xi's comment to Putin about 'change coming not seen for 100 years' includes buying up as much of the World's gold as possible?! I still think a Chinese buyer is the most likely outcome.