RE: Farm in, dilution etc.2 Oct 2021 19:54
I remember the RNS coming out about the PMO farm in. The SP went up for about 30mins then started dropping, once I had looked up PMO (Never heard of them at that point) I could see they didn't have the money to develop SL. If I could see that with 15 mins of checking their balance sheets etc, why couldn't the BOD? No non performance clauses! The BOD really did bend over.
They would have to again should RKH be lucky enough to get a cash rich partner sniffing. The market was 100% correct that day and ever after. PMO binned their CEO over this deal as far as I understand? I have been calling it toxic for years and just got abuse off Ovets etc, to be fair he has chilled out and seen differently as it has unfolded. I don't hold any malice. Sadly, us pessimists were right and have been for years.
Now trying to be optimistic. With the toxic PMO/Harbour partnership about to end, it does free up a huge opportunity for someone with the cash. I also think they would do very well, but they need to jump in soon and full throttle. RKH will cough up more this time (They have confirmed they will take a shafting, very foolish) but another shafting with a development for certain would give us LTHs a realistic future of 50p-100p SP and maybe beyond if Isobel can join the fray