Haha nice overview slide, though I don’t necessarily agree with all the views/assumptions in it (eg downside case a little rosey IMO). But on the whole it nails the key points.
My only other comment is that I have never understood why the % held by top 20 is seen as some sort of magic metric. What matters is that the Chairman, MD and NED (all ex Beadell) are the joint 3 largest shareholders with a little under 15% - all of which has been funded from their own pockets. That is significant. Unless the remainder of the top 20 are insiders their holdings don’t really matter in my view.
Hopefully some news this week.
gltah
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