Reflections30 Sep 2022 20:28
The big picture has become a lot clearer over the last week or so. GGP was in the crosshairs, a prime target for being taken over. SB played his cards accordingly. NCM decision to not take up the 5% for £60m was so ridiculously short-sighted that there had to be more than met the eye. IMO, SB was gambling that GGP wouldn't, in inflationary times ,be able to raise the necessary big fundingcash. GGP in financial difficulty and heavy with retail pis would be a sitting duck. Add in the shorter/MM tricks to take the sp into single figures. Up then pops good old NCM with a rescue offer, our "saviour" to the rescue. What would they have got the lot for, 15p perhaps? Peanuts in NCM world gets them a 20m+ oz low-cost mine perfectly situated on the Telfer doorstep, with compelling exploration targets around.
Except that they didn't reckon on the calibre of our main man, who has outmaouvered the giant and laid the foundations for a multi-billion dollar Co. in its own right. Backed up with experienced key personel and two substantial cornerstone investors, the chances of being taken out have receded dramatically. The short-term effect of dilution has been a necessary price to strengthen the Co. defences. With FS due shortly, the sp should rebound quite strongly back into double figures.
Inorganic growth is needed to continue that upward momentum, and the new BoD will start to earn their money in that respect. So, solid foundations with potential for significant commercial findings outside Havieron. Apart from what should be a brief period around 8p, what's now not to like? . Shaun's business acumen has won the Day. Hold on.
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