that’s the case with shells, opportunity cost is very large. I hold three shells in decent size I think I’ve waited on each one for about 9months now, one also at decent loss. Just need one of them to multibag.
Commodity dealmakers have been quite silent across spec market. Perhaps they’re waiting for a commodity play to Disallowed so they know what markets after. Last two months deals have been BMT, SRK, MEI, GLA, ARX, RMX, TMZ.
BMT has been best performer so Far.
CR1 I suspect will take more time, these guys aren’t like other advisory’s that have a 1000 shells under their belt & can try vend something if it doesn’t work out they can move focus onto next shell.
Apollo have one shot so they gotta aim for the head...no pressure lol. If I had to take a blind guess Fraser EM survey next quarter & then vend quarter after.
Ive just got back to Sydney, I’ve got RIU conference tomorrow. So likely will request to go through T50 on Friday (if they allow) or early next week & post back here once done.
Cheers.
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