Time value of money.
Money now worth more than money later. I can’t fault management for making this deal as it will return $ value to shareholders and provide continued exposure to a great project now in the hands of a fantastic outfit.
I won’t deny that when I first saw this project and invested 5 years I had dreams of ten bagging on WM.
However, it was never that kind of project. Too big, too far away for a junior.
BUT...
I am far more excited over the New Norcia ground than WM. This deal contains an enormous amount of subtext. The way I read it, we are gearing up for a huge run at Yarawindah.
Therefore, I’m very happy for this deal. I might even hold those OZL shares for more than 5 minutes. Caspin is the future. Onwards and hold until relieved,
TopGun
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