Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
IHow would their historical performance selling a Copper asset with a different BOD have any bearing on their ability to successfully explore, prove up and execute via JV, develop directly or farm in a gold and silver asset?
I believe they still have the same Chairman, the top man, the boy who calls the shots, so I would suggest it has a huge bearing on the company's ability to do what they failed to do previously
Apro
(if majors were interested they would have bought the licence themselves. Junior explorers exist because they (and their shareholders) take the risk and/or the reward/loss depending on the outcome. Anything else is just a delusion)
So with this in mind , on the balance of probability and also taking into account their recent performance, this is a lot more likely to fail than succeed?
Its amazing with all the gold GWMO has the potential to recover that no major has been in for them. Lets face it a hostile takeover would be fairly easy and with a market cap of circa 7m, taking your view it would be a great punt. But strangely they haven't and I don't expect they will.
If you remember, the original aim of GWMO was to prove the resource, then sell it. GWMO never had any intention of becoming a producer.
I'm not saying you're wrong but they had a JORC confirmed resource so why didnt they sell it? Surely at that point it had been proven?
Is My argument of teh following flawed.
1. Been trading over 16 years and produced nothing, nada, zilch
2. Raised money, diluted holders, promised the world and delivered zero
3. Will very soon run out of cash, so will need to raise again in the next few months
4. is there any JORC for any of the gold prospects?
5. There was a large JORC for copper, but after multiple fund raises, they still couldn't get it out of the ground and not one company has come forward for a JV
Not great reading is it?