Sell sell sell22 May 2019 00:18
I'm with the sell crowd.
So NM stipulates, postulates coagulates about going to production, does he?
So how does this work exactly?
His Capex for production is nudging £3Billion, right? He doesn't have it in his back pocket, but he reckons he's going out after the PFS to get it from investors.
Earlier on, he re-iterates time and time again about not entering into any JV or partnership with anyone.
So does the sugar plum fairy come along and 'give' him the money without asking for any joint venture/ownership/stakeholding, then?
Meanwhile back at the ranch, CGP prior to the PEA was worth about a tenner (and that was why NM attempted to offer a 20% premium to buy them out). But now thanks to the PEA, CGP is suddenly worth massive muller!!
How is NM going to work his magic now then - where is he going to find the money to buy CGP out....now?
This has the hallmark of sale written all over it. Sold to the man with the biggest cojones.........