Appreciate your thoughts Keyman. I guess when you consider the history of CQT, it would not be difficult to suggest that it has had its roots firmly planted in the penny dreadful end of the mining sector for quite awhile,(at least up until now). I also suspect that what goes with that status and territory is a bit of wheeling and dealing.I am sure that JT&Co would have been up there with the best of them, spruiking this and that! But I think what you say has more than some merit since in business circles,some mud will always tend to stick particularly in the minds of those that have been touched or even observed the process. I too have heard some far from positive comments around Melbourne CBD but I hasten to add that they are comments based on the past. Notwithstanding, it is quite weird how something so good could be reconfigured in the minds of some as being a bit on the dodgy side. I think that at the end of the day, there is a bit of everything in there. Perception is such a powerful thing in the investment community and sometimes because of it, we can fail to see the forest for the trees!
Having said all that, JT& Co have hit paydirt but the way forward in a commercial sense, now that they have identified something of value, is laced with much danger. The boys are swimming with the big fish now who collectively care little for feelings or the health of relationships.
An exit strategy is now in play, just not sure at what level?!
Thanks again Keyman for your insight.
ciao
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