'not reporting mediocre news'. That's a contradiction in terms. If it's not reported how do you know any news at all is mediocre?
Let's be frank. On a shareholder value basis (a rising share price) this stock has been utterly appalling for small shareholders. For all the company's boasts and yes they have a lot to boast about, the share price which is the true barometer, has been anaemic for years. No wonder it's known as the Vodafone of the mid-cap market. That's being kind.
Sell the company and deliver real value to shareholders. Mather's almost Nero-esque visions are damaging to shareholder interests
Mather's (his various companies) a 20% shareholder so embracing dilution isn't logical. I still believe he's using this as a weapon (threat) against a low ball bid
'Newcrest CEO Sandeep Biswas hopes SolGold 'big enough for both of us' Peter Ker Updated Oct 26, 2018 – 3.57pm, first published at 3.01pm
Copper explorer SolGold's Ecuadorian acreage may prove good enough to satisfy both Newcrest Mining and BHP, according to Newcrest chief executive Sandeep Biswas.'
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I still believe we are target as a company not just for Alpala
Q - Mate, I don't have the brains for it so I shall put my faith in Mather and hope he tries to protect the interests of all shareholders. It's a binary. Hold or don't hold. cheers
I believe these resolutions are designed to flush out a proper bid using dilution as a threat. Mather can't be that stupid to want to dilute himself. That would be suicidal
The only way value is released is through a takeover. Capital needs for development will dilute the shareholder excessively and the risk discount as per the political jurisdiction applies a punishing downward pressure on the company's market value.
There's FA interest in the stock. Meyer wasn't wrong about the Vodafone comparison. I don't see how that can change
'Consequently, because there is uncertainty about the completion of a positive feasibility study no provision for a contingent liability'
Uncertainty about the completion of a FS or completion of a positive FS? I'm not exactly sure what Cornerstone is suggesting with this assertion. Are they suggesting we won't get this far or are they inserting this as a reason not record a contingent liability on their balance sheet, which of course wouldn't look to great for them. Very odd