RE: Maiden resource21 Aug 2020 23:00
Agree, lots to play for Swizz. However I’m not going to go as far as you into reading JAN’s boards actions as highly strategic at this point.
Releasing, & then selling down, Pedra Branca shareholdings may not have been at all strategic at all until they see fit to show WHY they chose to dash for the cash at this early stage of those promising assets. I’m sure they saw a more advantageous use for the money but they haven’t strictly seen fit to reveal to shareholders yet WHY & WHAT their urgent need was for. Drilling money is not that great an answer on its own. Until it’s clearer I’ll reserve my view on the foresight of BOD actions till the benefits are clearer.
(That said their eye on an early Fodere stake does seem promising!)