Of course the current Market cap is based on very limted turnover. So I dont think the current SP can simply be extrapolated out to a buy out price. But overal a simple and effective overview at MFC's greatest problem, Getting the market to take it seriously.
Palobora; to date disapointing and an abject lesson in how a partner who controls the feed stock is not a working model. One that Mr Treasure has assured me will not be repeated again in future agreements (Chambishi etc).
Fixing the future from the lessons of the past is one thing but having the ability to review the past with ones partners and have an outcome where all parties hold firm to the SPIRIT OF THE AGREEMENT will be another. And for me this is the linchpin as to wether I hold or bail.
Can Palabora be fixed going forward great, can it be fixed from a fair point backk in time to everyones benefit. great. This would cement my view that management are up to the job and more likely to gain positive outcomes and in turn get the market to take them seriously moving forward.
It would be great to have this fixed soon so we can move into Chambishi and the BSM and PRW "alliances" with confidence our partners won't have the whip hand
Mr Treasure understands my concern and has hinted that a resolution is possible in the short term but as one would expect no details are available
viney
MFC Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
