Just some things I remember from the presentation. BB did all the talking, save for the opening formalities. M
He broke his leg recently so that will limit his physical activities for the next 3 months (will be on the job, but limited minesite visits).
The reason for the 1 for 5 consolidation is to get the SP out of the sub dollar range. He wants to get institutions on board as shareholders and many of these are prevented by their charter from investing in sub dollar stocks. His team will be presenting to many institutions starting early December including some from North America.
Some savvy mining people have bought shares on market recently and probably now own more shares than everyone in the audience today. for w
He will concentrate on Australia and North America mainly due to sovereign risk.
The recent tender the applied for is under an NDA as regards to decision time, so cannot disclose when we will know. It will be one of the most important tenders put out in Australia for the next year or so. There are several others they will apply for when the time comes.
One advantage of the mining services division is that it will be able to provide income to service debt when the mining side is in a cyclical down period.
He came across as very knowledgeable and enthusiastic.
They are a small company but building up a board as good as any ASX100 out there.
He expected the growth of DVPs SP to leave the growth of a group of other miners who grew 296% in the last few years in the dirt
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