So, we have this rock star board...1 Mar 2023 21:50
So, we have now a rock star board who, I don't believe have left more higher profile jobs, for just a rise in salary.
They are all of an age where they have accumulated the experience and skillset to make significant differences in the roles they perform.
We (SD) have acquired them and when you add it all up, it is a board and senior management team that should be running a productive and profitable mid-tier miner/explorer or bigger. Equally, they are all of a age where their next move ie this move, is the one that they would hope to build their retirement on. That would mean getting many multiples of a salary/pension etc package.
For some reason, SD had attracted the best part of a dozen leaders from some of Oz's highest profile organisations.
They can't all be being duped. And if they think GGP is their route to riches, then corporate governance means, inevitably, if they profit their shareholders will, too.
There must be a lot of stuff going on we don't know about.
We know there are many multiples (and mining years) more than the current 6.5m ozs at Hav - ask Bamps what he really thinks! We know how low the AISC is going to be when we start producing. and how high the grades are. We have probably struck elsewhere. We will probably 'buy' a small producer to accelerate getting on to the GDX. And we will list on the ASX. Oh and the BRICS will get their way and ensure a global mechanism for exchange is linked to gold (not the dollar) which is why they (and the Irish - any clues Paddy G?) are buying it. And that alone will push the gold price up as well as other factors which are starting to unravel.
All of those things - combined with our board - give me reasons to think, well, positively for the medium long term.
I have had the pleasure to meet Shaun, shake his hand, look him in the eye and have a 1:2:1 chat with him, albeit briefly ahead of an eager queue. I hope to again next week. Try to yourselves. Every fibre in my body says he straight up. They also tell me he sees GGP as a vehicle to make his fortune which, as I said, legally means it should affect my own positively. Stop sitting on your hands and cross you fingers with good faith!
You don't put a superstar band together to play the pub circuit.