S-parrat,
they are a gold producer, just short of B/E production,
yes we had 1.3% of the registry change hands, and about the same amount from the drop from 12c to 10c, look to the registry, 2.6%,,it only takes one insto to perhaps even for other reasons, exit.
That means also that 97% of the registry, did not.
Wouldnt you think, that a placment, to any of the other instos groups, would be forthcoming, and preferable to each of them, if the alternative was as you suggest, trading halt to admin?
If i had paid a lot more for this (say i was an insto on the books for the last 4 years), and fascilitating the transition to cash flow positve meant that there was every chance my investment would be proven sound, why would i not participate?
So ask, what are the chances that all the remaining instos would prefer to call it a day? given, that proof of progress is at hand.
IMO, none, and the chances of a t/halt to an administration call, is was not even a consideration when i ave down today.
BTW, i dont think TBR will achieve 300koz over the next 4-5 years, and their resource is under 1moz?, but on their earnings, look cheap for a smaller target stock.
Right now, 10moz of resource is going for $7.5/oz, and thats without considering the upside to 50moz.
There are always tiny dots on a graph later, in hind sight, when we remember when.
What is 22koz pa worth atm? What is 50koz pa worth target 2010, what is 300koz pa worth target 2015?
This thread is full of stale holders who are disgrunted with past production delays, and i empathise with that. However, that was 2007/8/9, last time i looked, this is 2010, and production is moving forward.
Put a value on that, the massive resource upside, and all all the treeshaking aside, and if its cheap, forget about why some fool decides to sell it.
It has to seem like running into a burning building is a good idea, for someone to do it, but thats how you score the penthouse when everyone else is smelling the toast burning and running out.
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