Hopefully by the AGM they will be able to start talking about the path forward. They have big pipeline of about 20 exploration tenenments, but I don't think that the main thrust of this company is going to be exploration, it is going to be developing mine services. Simon Ruston was responsible for building the hugely profitable mine services divsion at MinRes, which helped make that company into a giant. There are plenty of ways they can bring cash into this company without placing out new shares. This company is going to be all about developing new businesses and deals. Exploration should really be a side-show from here.
I am expecting the plan they present is going to be ambitious, very specific, and concrete about bringing cash into the company to rapidly grow the services division as a cash cow. There is a huge amount of experiece in this company and it has big backers.
M4M Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)