RE: Saudi Sale Value29 Mar 2025 23:36
Hang on.
Are you saying that it would be unwise to heed the insight of an anonymous poster with a self-deprecating moniker and a history of making daft and grandiose assumptions?
Huh.
Oh, a quiz...! Since the last results published by the company, were the liabilities part-extinguished by a dilution in the Saudi JV? Which has also reduced the burn rate, and then subsequently was there a capital raise for working capital?....
If you look historically, do you also see that the costs for the period were higher than typical, suggesting potentially the one-off work (with expensive advisors) for a strategic review was already underway?
Does it in the end seem that given operating conditions and on the ground end up being a reasonable position taken by the management?
Is there some degree of bitter past-holder resentment and knicker-wetting from tiny PIs?
Is there a distinct possibility that all of the below could all be true?
- The company is looking like transformative news is not far away
- It's hard to predict when that might be specifically, and "best guidance" is just that
- There is no revenue, so costs (including questionably-high-but-sadly-inline-with-industry salaries) are paid for by raises in the interim.
- But even with dilution, this is worth (many) multiples of today's share price (pick your own numbers!)
- Saudi being sold in the next X months will shore up finances.
- The rise in Gold price, expansion of resources and new exploration will grow company value significantly
p.s. Nothing wrong with traders trying to gamble on when events might happen.... lubricates the wheels for moving the sp... but does lead to some daft comments on here...
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