a blocking stake is not a bad thing, but gold fields will not be taking out this company any time soon. they will want 4 or 5 million jorc ounces before making any kind of decision.
only one thing is going to drive the SP over the next 18 months to 2 years, and thats drilling results - not takeover specualtion or the current gold price.
the other thing to consider is finance details. if and when the BFS comes out - 18 months from now?, you have to wonder, like evryone else, how many shares will be issued at that time to dilute your current holding. The number of shares on issue at the present time is not an issue.
how big is big ...., page-28
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