RE: orchestrated.4 Jul 2018 18:22
Ponie - I agree. If it were not for Stock market rules, Newmont will simply pick up these shares from the market for peanuts...Why pay £250m for a single project when the company itself is currently only worth £48m (mcap)? The majors in Australia are probably like a cartel. We only have £4m in the bank which by Newmont's standards is chicken change. If this time next year we still have not proved anything up or had a JV but just a set of Exceptional, Fantastic, Bonanza results, we are simply doomed. The sharks are already swirling round.
Unfortunately despite all the talk and ramp, GH and CB do not have the track record of start to finish exploration to sale of a project. If they can do one, just one...investors will have more belief and the majors will sit up. Until then this is just sheer speculation with great potential. That is all it is for now.
atb. DYOR