General Discussion, page-1341

It’s too early for a TO imho because we’re not in Kansas anymore. We need a new Asset Valuation Model. The replacement value of the asset more than the sp sets the floor under the ask price. That kind of money is not looking to make money but preserve money. 10-20yr LOM v 10-30yr Bond is not much of a choice*. If a TO occurs it will happen at the mining/finance stage because they cannot replace the quality of the team here so why take the risk?

Part of the consideration is the work that has gone into the project, the location (WA), navigating the regulatory framework, ease of mining etc. Foreign capital might face critical metal foreign investment regulations so debt for equity might be an option.

If DRE follow the path of ASX battery metal/graphite companies holders will probably get exposure to vertically intergrated businesses by way of off-take agreements. Payment in kind, barter. Eg. 30%of production for 30% of the buyer’s shares/profits. Early signs are that they want to produce a concentrate. That means no TO. That’s how I interpret DT’s book choice. Preemptive defence. It could get hostile if a wild-card threat comes from within Aust. Some time ago he also mentioned a buy-back as a possible thing to do. Management are maintaining their ownership ratio which could also be strategic.

*Big money diversifying out of bonds (Socialist debt) will create a stampede into commodity backed equities as it becomes obvious no government (currency) on the planet will survive the decade. This (risk) is why 10yr Bond rates are going higher (not inflation) at the same time as equity markets prepare for new highs. Raising rates to support your spending habits or currency in the lead up to cancellation of bonds/switch to CBDC under the cover of WW3. As Martin Armstrong says, ‘They (governments) have no intention of repaying their debts.’ Capital controls are coming, bail-ins etc. That’s why bitcoin jumped a couple of weeks ago.

In the 20’s a lot of people are going to lose everything. That’s why I keep it here with people i can trust. If you’re still around in 2030 you’ll know what I mean. We are between two ages. Who do you trust? gov, banks, gold? glwt. The safest place to keep gold is in the ground. Some real estate will survive, eg. farmland. RE is a fixed asset, equities are more liquid, moveable. In time they (equities) may be fully transferable as payment for goods and services as commodity tokens on some exchange.