Jojo,
Agree about a takeover target. Although imo management are sound, and certainly looking after shareholders, I see nothing special in there skill to extract value from the tenements. Arguably a BHP, with abundant capital could unlock value faster. [I dismiss takeover of IGO, MCR etc because the deposits are not of the calibre BHP seeks, and their respective managements are the key to their ongoing successes].
Harminos is one of the few that understand the uniqueness of Cosmos, and the potential of the full tenement package. He will not imho be recommending a takeover under $30, and I suspect much higher as he will see value that he has not been able to communicate to us. There will be quite a few loyalists, hence the inablity to get to 90% for less than a royal ransom may deter some bidders.
Very happy just to sit on this one and watch it grow incrementally, whilst banking a great divi stream.
EL
JBM
jubilee mines nl
