re: Ann: Marampa Fe Project stake lifted to 1... this is a terribly STRUCTURED deal for existing shareholders. We had 44m in the bank as of 30 September, and another 160m coming in from Q Copper within the month. Why has TS given away script like water this year? When your scrip is trading below NTA (like everyone agrees it is), you are supposed to buy it back not give it away. This sends a terrible message on what he thinks the value of his shares are worth.
I do not doubt TS ability to wheel and deal, what i do doubt is his ability to do it in a way that MAXIMISES shareholder value.
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