RE: Another Major miner22 Feb 2024 08:55
Seriously, let's look at the argument that we will be sold and why we have zero evidence and at the moment zero chance.
Ever since hole 5 which is now over ten years ago.
We have had the same people saying a sale is imminent nearly every week and pouring scorn on those that disagreed.
Not any contrition or apologies from these clown's.
We have such a diverse book, that has become more diverse over the years, as more block aquasitions have occurred.
This makes a hostile bid expensive and so nearly impossible.
So next we come to an agreed takeover.
Imagine, whoever wants to take this over, has to talk to the major shareholders and keep all this confidential while doing this, so common sense should tell you this isn't happening.
Next week also know that when Ingo was on board, we were actively seeking the money to go to construction.
This never occurred and he left.
So let's come to today, we have one option, that is to progress Cascabel.
So what has happened?
Well we have announced a strategic review, which some on the numpties have said isn't happening, even though the company has announced it.
So what a surprise to find out all these numpties are some of the same people who don't listen to the company and have told people that we have an imminent sale for years.
Pay no attention to these idiots.
For the informed on here, the strategic review is just that.
It is a review on how to advance Cascabel.
What does that mean?
It means how do we construct Cascabel.
It's that simple and the company has communicated that at every opportunity.
So the people that say we have had no communication are daft.
What they are really saying is we haven't had any communication that supports our world view, but never mind, we will twist it to support our world view.
And when our twisted imagination doesn't come to be, we will blame the management of the company, who said no such thing in the beginning.
Now we come to PFS3.
So why do this?
It's obvious to those that listen.
We have a strategic review that it's aim is to advance Cascabel.
We know we are required to lower the costs and increase the payback over a shorter period of time.
So now we have this and need to raise the money.
This is what I believe is now happening.
We have zero evidence that anything else is occurring.
By taking control of our own destiny and moving to the construction phase, may mean at that stage we get an offer, but why on earth would anyone not just sit back and wait for us to run out of money.