absolutely ... the guys running the business are taking equity instead of cash, providing a debt facility for the business out of their own pockets ... fundies are buying in ... what has changed recently? why when retail holders are selling.. are management and fundies still increasing their exposure?
might have to do with the fact the Ivory Coast is back on track, and they might actually hit their guidance and be EDBITDA profitable this year .. and continue to build on that next year, allowing them to raise fresh capital at much higher valuations should they choose to.
I'm very much looking forward to this quarterly update, I particularly enjoy the investor calls ... I've never come across such an open and honest management team, it really is refreshing. Anyway, I'm expecting to see a nice pop in cash inflows, which might provide the market the confidence that they are on target .. and start believing / buying again.
goodluck all!
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