bazzad2:
> Can I ask you how long you feel short/medium is and why you would be suspicious, because personally I will not be in the least surprised if they shell out for another acquisition before this year end,such is their almost maniacle desire to be a 500000oz gold producer?
SD has i.m.O. at least two goals.
- secure gold (say ground with gold) for the chinese.
- being a profitable company.
my initial fear was - and is - (regarding the SD transaction) that SD could use Focus as an acquisition vehicle to lock as much ground as possible in the shortest period of time possible. (bad for us SHs)
but these were my fears while thinking of Focus as a profitable company with a few little problems. As we all know now - Focus had a few more of those.
i'd now guess those two goals of SD will be easier and cost-saving to achive if they assure FML is a profitable producer in advance. (good for us SHs)
That would/should raise the FML SP and this would serve as a successfull model for further acquisitions increasing the acceptance of SD for SHs at other companies.
So short to medium term to me means that i hope we will not hear of any acquisitions until we know that this company with the current staff will be able to produce cost efficient based on the ground they have now. And i'd guess that will take its time - at least this year - to realize.
btw. i think the 500000oz per annum was not the SD goal. And now SD is at the steering wheel with DT and the BOD being the car to drive throught this tenements. And SD may not have the problem that 'greed eats brain'. (sorry for that One2One translation german english - may be you anyhow realize what i wanted to say with all this :)
best
t7
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2 | 20009 | 0.130 |
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Price($) | Vol. | No. |
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